Huge News From The Fed! If You Own Gold & Silver, Watch This NOW -- Peter Schiff & Alasdair Macleod

Added: 2026-05-30

[00:00:00]And even you saw was about a year ago I think it was Morgan Stanley that talked about tweaking the 60/40 portfolio to make it 60/20/20 where you cut your bond portfolio in half and you put the other half in the gold. I I think investors are going to be looking for a safe haven for an inflation hedge.

[00:00:20]>> The reality is that we're seeing the end of the fiat currency system.

[00:00:26]When the fiat currency system ends, either the currency becomes a gold substitute, which you know, is effectively what the Deutsche Bank report is saying, or alternatively, it goes to zero. And if the currency goes to zero, the value of gold in that currency goes to infinity. So, I really just don't see the point of saying [laughter] it's going to be $8,000 or whatever, whatever, whatever.

[00:00:52]>> In this powerful discussion, Peter Schiff breaks down why global investors are rapidly losing confidence in the fiat currency system and turning toward gold as the ultimate safe haven.

[00:01:04]The conversation highlights how major institutions like Morgan Stanley are reconsidering the traditional 60/40 portfolio model by adding gold allocations, signaling a major shift in financial strategy. With inflation risks, rising debt, and weakening trust in central banks, gold and silver are increasingly viewed as real money rather than speculative assets. The interview also explores the possibility that fiat currencies may either become indirectly backed by gold again or continue losing purchasing power against hard assets. My opinion is that this growing institutional acceptance of gold reflects deeper concerns about long-term currency stability and sovereign debt sustainability. Whether gold reaches $8,000 or much higher, the larger message is about preserving purchasing power during an era of monetary uncertainty.

[00:01:56]This interview dives into the macroeconomic forces reshaping the future of global finance and precious metals investing.

[00:02:03]If you found this helpful, like, share, and subscribe to the Metal Bar. Turn on the bell so you don't miss any updates, and comment below to share your thoughts on it. Appreciate you for tuning in.

[00:02:15]Now, listen to the interview.

[00:02:17]>> You know, that's with the mistake that Warren Buffett always made when people would say, you know, what do you think about gold? And he would always compare it to stocks, and he would say, well, gold just sits there, it doesn't do anything, it doesn't generate any income. And I agree.

[00:02:31]You you don't want to look at gold the way you look at stocks. I look at gold the way I look at cash.

[00:02:39]It's if I don't want to buy stocks right now because I think they're too expensive or they may pull back, and I want to just have some dry powder, where do I keep it?

[00:02:50]And that's, you know, what Warren Buffett didn't think about. Because I know if you put it to him that way, he would he would see the advantage of gold uh because if if you don't want to be in stocks and you want to have a lot of cash, and Buffett has a lot of cash now at Berkshire Hathaway, why isn't that cash in gold? You know, because there you're not giving up the income of a productive investment, you're just giving up interest that you earn on cash. And right now, the interest that you earn on cash is not enough to cover the purchasing power that you lose by staying in cash. So, I think that gold is better than owning dollars or even euros or yen or pounds or whatever currency alternative is out there, your liquidity should be mostly in gold. Uh and you can do that by owning the physical gold or, you know, the ETFs or the tokens.

[00:03:45]>> I think the origin of reports [snorts] like this um comes from confused wondering why is it that central banks are buying gold? I mean, after all, they think that um, you know, their currency, whether it's the euro or whether it's um, dollars or whatever, for them that's money. You know, that's money.

[00:04:08]Uh, gold is no longer part of the system. Why is it therefore that central banks are buying gold? And so, what they do is, you know, they talk to central bankers. I mean, if you're a, you know, senior executive, let's say, in Deutsche Bank, of course you know central bankers. You go and talk to them and say, you know, why is it you're buying this stuff?

[00:04:32]And the central bankers turn around, who who, you know, particularly in Asia, who have never been part of this macroeconomic myth, if you like, about the relationship between um, money and and credit. Um, and they say quite simply, well, you know, these currencies are basically, um, you know, full of risk. We don't want to have that risk, and that's why we get into real money.

[00:04:56]Oh, says the banker, says the commercial banker.

[00:05:01]Um, I suppose, um, I don't know, really understand what you're saying, but it seems to me that there's going to be more demand for gold by central bankers, sovereign wealth funds, even the man in the street, if you like, in in Beijing uh, or in Delhi.

[00:05:19]We don't really understand why, but it's quite clear that if this persists, then gold is going to go to $8,000.

[00:05:26]To pick a figure out of thin air. And I think that's the point about these reports.

[00:05:31]I mean, you know, they're waking up, they're they're half awake, they're still sleepy, they don't understand what's really happening to their currencies. And I think that's where we are. Uh, when we get back onto a proper gold standard, um, we'll probably have a number of failures before we actually get there.

[00:05:48]But the first failure that we're going to see is currencies going down to zero.

[00:05:52]Why? Because currencies aren't money, they're credit.

[00:05:56]And demand for credit is basically, you know, certainly in the currencies, which is what gives the currency its value. And if confidence in that currency diminishes, then people won't buy it and at the margin they will sell it. And what do they sell it for? They sell it for real money, which is gold.

[00:06:14]And you could argue silver, too.

[00:06:16]>> Peter Schiff and Alister Macleod break down why gold is being viewed once again as real money in a world drowning in debt, inflation, and weakening fiat currencies. Peter Schiff explains that investors often misunderstand gold by comparing it to stocks, when in reality gold should be compared to cash and purchasing power protection.

[00:06:38]The discussion highlights how central banks across Asia and emerging markets continue accumulating physical gold while confidence in paper currency slowly erodes. Alister Macleod argues that governments and central banks can endlessly create credit, but they cannot create real value, which is why gold and silver remain trusted stores of wealth during financial uncertainty.

[00:07:01]In my opinion, this interview captures the growing global concern around fiat currency systems and rising debt levels.

[00:07:08]The argument that gold is becoming a preferred safe haven makes sense as inflation pressures continue worldwide.

[00:07:15]The comparison between holding cash versus holding gold is especially important for investors trying to preserve long-term purchasing power.

[00:07:23]Let's get into the interview.

[00:07:24]>> Now, what's significant is not, "Oh, silver's fallen back to 76."

[00:07:29]What's significant is that we blew through 50.

[00:07:33]And you know, that was really the overhead resistance dating back to the Hunt brothers in 2000, I mean, 1980.

[00:07:41]And we couldn't even get to a to we couldn't even get to 50 in 2011 when gold went above 2000.

[00:07:49]Um but then we blew through it, you know, like a hot knife through butter.

[00:07:53]And we, you know, we went way up to 125.

[00:07:56]So, that was a massive breakout. It doesn't surprise me that we couldn't sustain that big a move in such a short period of time.

[00:08:06]But what should be impressive to anybody is that we never went back below 50. We never went anywhere near 50. We broke out and now we're consolidating really in the 70s and we've had, you know, we almost got back up to 90 a week or two ago. Uh so I think this is a beautiful uh breakout and consolidation in the silver market. And this is going to resolve itself with another big up move.

[00:08:34]Uh and, you know, so that $125 peak, that's not the peak for silver. That's just the first stop uh on a long road that I think is going to see much, much higher prices for silver. And And so yes, you might be buying the highs sometimes. Uh but you're also buying the pullbacks. You know, I mean, I started uh getting people into gold under 300 and silver under $5. Uh so when you look back at those buys, uh you know, they were they were pretty good.

[00:09:06]And even if you bought the highs along the way, a lot of those highs look pretty low uh looking back from where we are right now. But you know, the Usually what motivates people to to to move is something happening with the price. So, if the price really starts to shoot up, people get afraid that maybe they're missing out on a bigger move and and they move quickly. And And that's, you know, just how the markets work. And sometimes when the market is going down, that's when people should be buying more. But then people get too afraid that it's going to keep falling, and so they did they don't buy or worse they sell. Right, that's the worst that you could do is panic and get out uh because these are long-term trends uh that are going to continue I think for a long, long time. You know, gold uh when you know, the country started, you know, we're about to have our 250-year anniversary, although that's of the Declaration of Independence, but the first coinage act of 1792, gold was $20 an oz.

[00:10:02]You know, and it stayed $20 an oz up until 1934, uh and then it became $35 and it stayed there until about 1970, but ever since then the dollar's been collapsing and now you need $4,500 uh to buy an oz of gold. Uh the dollar's already lost 99% of its purchasing power. It's probably going to lose another 99% from here.

[00:10:24]>> Silver's recent price action is being framed as either a failed spike or the start of a historic breakout. Veteran analyst Peter Schiff argues that the real signal isn't the pullback from $125, but the structural break above the long-term $50 resistance dating back to the 1980 Hunt Brothers peak. After decades of consolidation, silver not only broke through that ceiling, but held well above it even during volatility suggesting a new long-term price regime rather than a speculative blow-off top. According to this view, the correction into the $70 $80 range is simply a consolidation phase after an explosive repricing. Schiff emphasizes that silver historically moves in violent waves breaking resistance, pulling back, then launching into higher ranges as monetary stress increases.

[00:11:14]With gold already approaching new highs and the US dollar losing long-term purchasing power, silver is positioned as the more volatile but higher upside monetary metal in the cycle. The broader macro argument ties silver's breakout to long-term currency debasement since the end of fixed gold pricing. From $20 gold in the 1800s to thousands today, the message is clear. Fiat currency erosion is accelerating and precious metals reflect that shift. If you found this helpful, like, share, and subscribe to the Metal Bar. Turn on the bell so you don't miss any updates and comment below to share your thoughts on it. Appreciate you for tuning in.