Peter Schiff: Gold at $4,000 Is a Warning

Peter spends Wednesday’s podcast unpacking gold’s recent milestone and tracing how decades of monetary policy produced the moment we’re in now. He connects December futures breaking the $4,000 headline to the deeper story of the post-1971 dollar regime, sanctions-driven de-dollarization, and what he sees as an unavoidable market reckoning ahead. He opens by correcting a common misunderstanding about the recent headlines and why the spot price matters more than futures for record tallies: Well yesterday December gold futures traded above 4,000 for the first time ever. In fact I think they closed above 4,000 and that became a pretty big news story at least in the financial media. … The last time gold was up this much in a calendar year was the 1970s, and if you’ve got to go back to the 1970s to find something like this that probably means that what is happening now is likely as significant as what happened then. He then takes listeners back to the Nixon shock and explains why the 1971 break with gold changed everything for the dollar: Now what happened…