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The Peter Schiff Show Podcast

Gold Just Issued a Warning the Fed Can’t Ignore

The Peter Schiff Show Podcast

Peter Schiff

Business, Politics, News, Business News, Investing

4.65.9K Ratings

🗓️ 21 February 2026

⏱️ 39 minutes

🧾️ Download transcript

Summary

Gold just broke above $5,100 — and almost no one is talking about it.

While politicians argue over tariffs, the real story is accelerating stagflation. GDP growth collapsed from 4.4% to 1.4%. Core PCE inflation is rising again. The Fed is openly debating rate cuts while inflation runs 50% above target.

This is not a soft landing.

Deficits are exploding. Tariff revenue is disappearing. The national debt is surging. The bond market is weakening. And the Federal Reserve is trapped between a weakening economy and rising inflation.

That trap has only one historical resolution: monetary expansion.

Gold is moving because the market understands what policymakers won’t admit. The dollar’s purchasing power is deteriorating. Sovereign debt risk is rising. Global capital is repositioning.

This is not about daily volatility. It’s about systemic imbalance.

When growth weakens and inflation accelerates at the same time, the outcome isn’t recovery — it’s currency stress.

Gold is signaling the next phase.



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Transcript

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This is Peter Schiff coming to you live with another Schiff Gold Friday market wrap.

1:37.7

It was a big day and a volatile day today with the precious metals.

1:43.7

In fact, the most volatility really of any market following the Supreme Court's highly

1:50.9

anticipated yet pretty much foregone conclusion decision rendering Trump's tariffs unconstitutional.

...

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