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Gold EXPLODES to $5,278! Bitcoin CRASHES 27% While Precious Metals SOAR

Friday Gold Wrap | SchiffGold | 28 Feb, 2026

Gold just hit its highest monthly close ever at $5,278—up 21.5% in just two months—while Bitcoin crashes 27% and the stock market barely moves, proving precious metals are where the real money is flowing as central banks accelerate their de-dollarization strategy.

Peter Schiff delivers explosive news about precious metals crushing all expectations in 2026, with gold closing at a record-breaking $5,278 (up $94 in one day) and silver soaring to $93.66 – marking the highest monthly closes ever recorded. Just two months into 2026, gold is already up over 21% and silver nearly 30%, putting both metals on pace to shatter 2025’s historic 60% gains. Meanwhile, Bitcoin continues its devastating collapse, down 27% this year to around $65,500, while the stock market barely moves with the Dow up only 1.25% and NASDAQ actually negative for the year.

Schiff warns this is still the early stages of a massive wealth transfer out of US assets, as inflation data shows producer prices surging at a 6% annualized rate and trade deficits hitting $99.3 billion despite Trump’s tariffs. With central banks just beginning their de-dollarization process and Western investors finally waking up to gold’s potential, Schiff predicts 2026 could see the biggest price increases since the 1970s. He urges immediate action, emphasizing that tokenized gold is making blockchain technology finally useful while traditional crypto crumbles, and that his mining stocks – already up 35-38% this year – are still “ridiculously cheap” before the coming dollar crisis hits.

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