Gold Fell on War News. Here’s Why That’s Bullish
The Peter Schiff Show Podcast
Peter Schiff
4.6 • 5.9K Ratings
🗓️ 6 March 2026
⏱️ 42 minutes
🧾️ Download transcript
Summary
Peter discusses the Iran war, the market reaction in gold and silver, the plunge in mining stocks, the surge in oil, Bitcoin’s dead-cat bounce, weak jobs data, rising inflation risks, the coming recession, de-dollarization, and why he believes this selloff is an opportunity to buy, not a reason to panic.
Peter Schiff breaks down why gold and silver sold off during the first week of the Iran war — and why he believes the market is getting it wrong. While many investors expected war to send precious metals sharply higher, gold finished the week down and mining stocks were hit even harder. Peter explains why this looks like a classic buy-the-rumor, sell-the-fact reaction, not the end of the bull market.
He argues that the real consequences of war have not yet been fully priced in: higher oil, bigger deficits, more money printing, stickier inflation, a weaker economy, and a weaker dollar over time. Peter also explains why he believes the political fallout could be severe, why Republicans may pay a heavy price in the midterms, and why the long-term winners remain gold, silver, mining stocks, and foreign markets positioned for de-dollarization.
Chapters:
00:00 War Context And Setup
02:08 Weekly Metals Selloff
04:14 Buy Rumor Sell Fact
06:52 Oil Spike And Optimism
09:38 Energy Reality Check
11:37 War Escalation And Politics
15:34 Stocks Dollar Bitcoin Moves
17:52 Deficits Inflation And Gold
24:53 Weak Economy And Jobs Shock
33:07 Midterms Outlook And Wrap
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Transcript
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| 0:00.0 | This is Peter Schiff with the Schiff Gold Friday market wrap. |
| 0:10.3 | And the week didn't go the way a lot of precious metals investors may have believed following |
| 0:18.7 | the launching of all-out war against Iran. |
| 0:24.6 | Before I discuss what happened in the week in precious metals and the markets, let me just point out that I am not going to use this podcast to get into the details of this war. |
| 0:42.5 | My opinion on the war, the unconstitutional nature of it, the betrayal from Trump and the fact that he's decided to launch the war. |
| 0:56.0 | I got into all of that in the podcast that I did on Tuesday |
| 1:00.9 | on my main YouTube channel. |
| 1:04.4 | So I would encourage everybody who has not already watched that podcast |
| 1:09.1 | after you finished listening to the market wrap, |
| 1:13.0 | go and check it out on my main YouTube channel. |
| 1:16.3 | It's the war that breaks the dollar. |
| 1:18.7 | I think that's what we titled it. |
| 1:20.6 | Let me take a quick look. |
| 1:23.6 | Yeah, the war that breaks the dollar. |
| 1:25.5 | That's it. |
| 1:25.9 | So it's the last podcast video on my main channel. |
| 1:30.8 | It's the one that has about 620,000 subscribers, Peter Schiff. |
| 1:34.7 | If you're not one of those 620,000 subscribers, make sure you subscribe when you go and check out the podcast. |
| 1:42.9 | And by the way, if you're not currently a subscriber to this channel, subscribe right now. |
| 1:49.2 | I'm still trying to get the 50,000 subscribers. |
| 1:52.1 | Maybe this will be the podcast that does it. |
| 1:54.2 | So if you're listening and you're not a subscriber, just make sure and do that now. |
... |
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