Peter Schiff: Gold’s Rise Is a Warning Everyone Ignores

In Friday’s episode of The Peter Schiff Show, Peter sets his sights on the market’s astonishing complacency in the face of gold’s surge, the misplaced confidence in U.S. trade policy, and the broader implications of America’s debt addiction. He makes the case that the real warning signals aren’t flashing on Wall Street or Capitol Hill, but embedded in the price of gold—while few seem willing to pay attention.

He opens by highlighting one remarkable aspect of gold’s climb—not the price itself, but the collective ignorance around it:

But you know, what’s more significant even than the increase in the price of gold is the fact that nobody cares. Nobody pays attention. You know, I’ve said this before, but it bears repeating. When you don’t know there’s a bubble, you don’t see the pin. And that is something that I came up with during the housing crisis. Because a lot of people, even after 2007, after the subprime market really started to collapse, most people just shrugged it off. They didn’t care. They thought it was nothing.