Dow Hits 50,000 While the Dollar Collapses – Gold vs Bitcoin Explained

The Dow Jones just closed above 50,000 for the first time ever – but is that really something to celebrate?

In this live Friday Gold Wrap, Peter Schiff explains why the Dow’s milestone is meaningless when measured in real terms. Priced in gold, the Dow has lost roughly 75% of its value since 1999. Inflation, not prosperity, is driving asset prices higher, masking a deep affordability crisis caused by government spending and monetary expansion.

Peter also breaks down the recent volatility in gold, silver, Bitcoin, and mining stocks, explaining why precious metals remain in a bull market while Bitcoin is experiencing a classic bear market rally. He discusses margin calls, forced selling, dead-cat bounces, and why mining stocks may lead metals higher next.

Watch on Youtube