Michael Saylor's 11% Yield Is a Ponzi Scheme — Here's the Proof
The Peter Schiff Show Podcast
Peter Schiff
4.6 • 5.9K Ratings
🗓️ 25 April 2026
⏱️ 67 minutes
🧾️ Download transcript
Summary
Newmont is earning $11/share at 10x PE with 132% growth — half the S&P's multiple. Wall Street is asleep at the wheel.
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Newmont Mining just posted 132% earnings growth with five-to-one margins and a stock trading at 10x earnings — half the S&P multiple — and Wall Street barely noticed. Peter Schiff breaks down why gold miners are the most undervalued sector in the market and why he's been accumulating positions in companies like Newmont, Franco-Nevada, and Wheaton for over 20 years without selling a share.
The episode also covers Trump's Iran war pivoting from threatened annihilation to an economic blockade that's keeping oil above $94, the DOJ dropping its criminal investigation into Jerome Powell's Fed building remodel as an olive branch to clear the way for Kevin Warsh, Schiff's own six-year experience with leaked government investigations that were never officially closed, Michael Saylor's Strategy preferred stock as a self-described Ponzi scheme the SEC refuses to touch, and a new cottage industry of mass tort lawyers helping businesses claim tariff refunds — proof that Americans, not foreigners, paid every cent of those tariffs.
Chapters:
00:00 Cold Open Montage
00:57 Show Intro Puerto Rico
01:28 War Drags On Markets Shrug
04:27 Blockade Strait Oil Spike
08:18 Election Pressure Inflation Risks
13:22 Commercial AI Mastermind Ad
15:54 Post Office Hikes Inflation
16:41 Powell Probe Fed Incentives
22:31 Schiff Investigation Story
30:00 Commercial ExpressVPN Pitch
31:37 Gold Friday Market Wrap
34:35 Newmont Earnings Surge
36:52 Gold Miner Margins Explained
38:20 Buybacks and M&A Signals
39:27 West Red Lake Pullback
40:19 Buying Bad News Strategy
42:38 Position Sizing and Risk
45:04 Gold Fund and Active Picks
46:40 Bitcoin Yield Ponzi Rant
53:18 Tariff Refund Fallout
56:50 Debt Deficits and War
01:02:01 Wrap Up and Subscribe
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Transcript
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| 0:00.0 | You make no friends in the pits and you take no prisoners. |
| 0:05.1 | One minute, you're up half a million and soybeans and the next boom. |
| 0:07.5 | Your kids don't go to college and they've repossessed your Bentley. |
| 0:09.5 | Are you with me? |
| 0:10.1 | The revolution starts now. |
| 0:12.5 | Starts now. |
| 0:13.9 | We have to pass the bill so that you can find out what is in it. |
| 0:18.1 | Turn those machines back on. |
| 0:20.4 | You are about to enter the Peter Schiff's show. |
| 0:23.9 | Show! |
| 0:25.8 | If we lose freedom here, there's no place to escape to. |
| 0:28.4 | This is the last stand on Earth. |
| 0:29.7 | The Peter Schiff Show is on. |
| 0:31.7 | I don't know when they decided that they wanted to make a virtue out of selfishness. |
| 0:35.6 | Your money. |
| 0:36.7 | Your stories. Your money, your stories, |
| 0:37.9 | Your Freedom, the Peter Ships Show. |
| 1:08.6 | This is Peter Schiff, and I'm doing this podcast live from Puerto Rico. It is Friday just after 8 o'clock, 815 here in the East Coast. I'm not doing my shift gold Friday market wrap today, |
| 1:14.0 | but this is going to satisfy that. |
| 1:17.1 | So if you're looking for the shift gold Friday market wrap, |
| 1:20.7 | I will wrap up the week in precious metals on this podcast as I talk about other topics. |
| 1:28.4 | You know, I think the big topic continues to be the war. |
... |
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