Schiff on The Competent Investor: Even Greenspan Agrees with Me

Earlier this week, Peter appeared on The Competent Investor podcast with host Tom Bodrovics. They focus on last week’s metal sell-off, and Peter explains why investors still misunderstand precious metals and the miners that produce them. Throughout, he argues that sound money remains the sane hedge in a world of inflationary policy and fragile crypto bets.

He opens by describing what he sees as a coordinated effort to smother growing distrust in the dollar and the Fed, using both market moves and timing of political news to change the narrative:

But I think it was a coordinated attempt to basically, you know, put out the fire from gold and silver. Because I think gold and silver were basically warning that a dollar crisis was coming in a sovereign debt crisis. It was a real vote of no confidence in the administration, in the Fed. And I think they had to do something about that. So I think they coordinated the raid with the early release of Trump’s Fed pick with false talking points to disseminate to the media, that somehow this was some huge surprise.

He then turns to crypto, using an example of Michael Saylor, an overexposed Bitcoin holder and CEO of Microstrategy, to show why concentrated crypto positions are especially risky and why market support often looks like a fragile patchwork: