Crypto Industry & Wall Street Unite Against Gold - Gold Wrap

The Peter Schiff Show Podcast

Peter Schiff

Business, Politics, Business News, Investing, News

4.7 • 5.8K Ratings

🗓️ 22 October 2025

⏱️ 42 minutes

🔗️ Recording | iTunes | RSS

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Summary

Join Peter Schiff for a special Tuesday Market Wrap episode of the Schiff Gold Podcast, where he dives into the historic highs and recent volatility in the gold and silver markets. Originally planning to cover two weeks of market activity in a single Friday wrap-up, Schiff decided to address the significant happenings of the past three days immediately. On Monday, gold prices set a new all-time high, nearly touching $4,380, before experiencing a dramatic sell-off. Despite this, gold closed the week robustly above $4,250. Schiff discusses the widespread speculative sentiment from the crypto community and Wall Street, dismissing the notion that the gold bull market is over. Emphasizing the structural strengths and ongoing consolidation phase of gold and silver, Schiff reassures investors of the long-term uptrend. He also criticizes Bitcoin proponents claiming Bitcoin will surpass gold, labeling it as wishful thinking. Schiff highlights the resurgence of gold's appeal over Bitcoin, driven by massive structural changes and global tendencies to shift back to the gold standard. With energy costs falling, gold mining stocks are posed for significant earnings. Schiff underscores the value of using this pullback as a buying opportunity for both new and long-term investors in gold and silver.

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Transcript

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0:00.0	Hi, everybody. This is Peter Schiff for the Schiff Gold Friday market wrap, except today isn't Friday.
0:06.6	It is Tuesday. I was going to do a market wrap on Friday, or I would have done one, except I was out of town for the money show in Orlando.
0:19.3	My plan was initially just to skip one Friday and to wrap up two weeks
0:24.2	this Friday, but given all of the action over the past three days, I didn't think my followers
0:31.8	or shift gold customers would want to wait until Friday. So I am going to do an early market wrap today on Tuesday.
0:41.3	Yesterday, gold hit a new all-time record high. It almost hit 4,380. It got to like 4,378 and change.
0:54.3	That was yesterday, an all-time record high.
0:57.5	It took out barely the all-time record high we had set on Friday for the price of gold.
1:05.0	And in fact, last week on Friday, silver traded above 44.
1:16.9	It almost hit 44 and a half. We topped 44, I mean 54, excuse me. We almost topped 54.5. We got as high as I think 54, 40 and change on Friday. Remember, the last time I
1:25.9	recorded a market wrap, which was a week ago from Friday, silver had just closed above 50, and gold had just closed above 4,000.
1:36.5	And so by Friday of last week, both gold and silver had added another 9% plus to those records before we had a violent sell-off
1:48.2	on Friday.
1:49.6	In fact, from its high to its low, gold dropped $180 intraday.
1:56.1	I had never seen a one-day move that big in dollar terms until today.
2:02.5	But let me finish up on Friday before I get to today.
2:05.8	So we dropped about $180.
2:09.2	Silver dropped about $2.5 bucks.
2:12.7	But still managed to close the week.
2:15.1	I think 51.75.
2:20.5	Record closing a week,
2:23.0	up 3.5% on the week.
	...

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