Schiff on The Land Development Podcast: Inflation Is the Threat  

Peter recently appeared on the Land Development Podcast to lay out a simple case: inflation is the central problem for the economy, and the market is already signaling that through the surge in precious metals and commodity prices. He ties that trend to current policy choices — tariffs, deficit spending and energy misallocation — and warns those choices will raise costs for ordinary buyers and borrowers.

He starts by noting how the market has rewarded holders of foreign stocks and commodities this year, including precious metals, and how that strength is showing up in client portfolios:

Of course, gold and silver stocks, a lot of silver stocks have tripled, quadrupled this year. Gold stocks have more than doubled. So it’s probably the best year that I’ve had as far as returns for my clients. Even my non-gold stocks, you know, my standard portfolios are up over 40% on the year. So it’s a great year to be invested in foreign stocks, in precious metals, commodities in general, I think.