Huge GOLD News From Russia, China & Central Banks! Watch This Now - Martin Armstrong & Peter Schiff

Ajouté : 2026-05-10

[00:00:00]Russia invaded Afghanistan. So It's it's not inflation. It's geopolitical issues. This is why the central banks have been buying gold, you know, it and So China that created BRICS. Yeah.

[00:00:16]>> China started dumping US, you know, debt and buying gold. Buying gold, yeah. Why?

[00:00:22]Because they gold's neutral. I think again, the bottom is about to drop out of the dollar and that should coincide with a big move up in gold and silver and also maybe new new highs in oil even if the war uh continues to be at a standstill. And by the way, I I meant to mention this earlier. Risk adjusted, you're taking a lot more risk in those stocks. For my money, I'd rather just be in gold and silver than in the Nasdaq.

[00:00:47]And of course, the Nasdaq's going to collapse at some point, [music] whereas gold and silver are still early in in bull markets. Gold and silver are rising because investors now realize this is not merely an inflation story. The primary drivers are geopolitical instability, capital shifts, and eroding trust in government debt. When central banks purchase gold, they are not reacting to short-term price fluctuations. They are shielding themselves from a world where bonds, currencies, and alliances are increasingly unreliable.

[00:01:19]Martin Armstrong, a cycle analyst known for connecting markets with geopolitics, and Peter Schiff, a long-time advocate of hard assets and sound money, explain why gold and silver may still be early in a much larger bull market. Armstrong points to history, noting that gold's biggest moves often come during geopolitical shocks, not just inflation. Schiff adds that the dollar may be close to another major decline, which could push gold, silver, and even oil much higher. The message is clear. Precious metals are becoming a form of protection against a changing global order. Now, we'll present the clips from their interview. Before we discuss this, please hit the like button, subscribe to the channel, and ring the bell icon. Thank you, and enjoy the video. Now, we can do a sneak attack on Turkey. You know.

[00:02:10]Right.

[00:02:11]>> another NATO country. Yeah.

[00:02:13]But, this ethnic hatred, you know, between the Greeks and the Turks, go back to Alexander the Great.

[00:02:23]Yeah.

[00:02:24]Yeah, it's uh >> Good luck with all of that.

[00:02:27]Yeah. The Balkans, it's all the same.

[00:02:30]You know, they um >> [clears throat] >> My doctor is basically, you know, from Serbia.

[00:02:37]And, you know, she'll say, you know, you know, all those damn Armenians, you know? I mean, Right. it things live on generations >> from generation to generation. Yeah. Um it's kind of like, you know, Iran versus, you know, Israel.

[00:02:56]Yeah. You really think you're you're you're you're talking about um my god against your god, you know? I mean, where's the negotiation?

[00:03:07]>> [laughter] >> Yeah, good luck.

[00:03:09]Yeah, good luck.

[00:03:10]>> some things you just can't do. Right now, it looks as though um with the possibility of peace talks, Mhm. you're getting the crack back down in gold and silver, etc. And, this is [laughter] all capital flows.

[00:03:27]All right. Uh As I've said, you know, before, you know, I was in the gold business back in the '80s. And, gold went from 100 to 400 between '76 and December '79.

[00:03:40]But, it went from 400 to 875 in the last 6 weeks. Why?

[00:03:45]That's when Russia invaded Afghanistan.

[00:03:49]So, it's it's not inflation.

[00:03:53]It's geopolitical issues. This is why the central banks have been buying gold.

[00:04:00]Mhm. They don't care if it's going up or down. Don't look at them as a trader.

[00:04:05]Mhm. All right?

[00:04:07]If Europe goes to war with Russia and they lose, their bonds are worthless.

[00:04:13]Yeah.

[00:04:14]>> Just like Confederate bonds, okay?

[00:04:16]Uh they look pretty framed up, very nice, but that's all you're going to get out of it.

[00:04:21]Um this is why you know, uh I think the worst part of the Biden administration was that they wanted him there because they, you know, basically he wasn't really there.

[00:04:39]>> [laughter] >> Right.

[00:04:42]So, the bureaucracy really got to run everything. Mhm. And so I find it very curious. You had Garland, [clears throat] you had Blinken, and you had Victoria Nuland. Mhm. Running the State Department, Department of Justice.

[00:05:03]All three claim to be from the Ukraine region.

[00:05:09]All three claim that their families are persecuted by Russians.

[00:05:14]I know a lot of people.

[00:05:16]Three from the very same area, the same complaint, all in the Biden administration. How the hell does that happen? Yeah, right.

[00:05:25]>> [laughter] >> Um that's beyond coincidence. Yeah. And it was Blinken that took Russia out of Swift. Mhm.

[00:05:38]This is the typical neocon really. Oh, if we punish the Russian people, they'll overthrow their government and they'll give them a ticker tape parade in thankful.

[00:05:51]It [clears throat] has never happened once. Yeah.

[00:05:55]Yeah.

[00:05:55]>> All right. Um We imposed sanctions on Castro in Cuba in 1960. They are still there. We imposed sanctions on Iran 1979 to overthrow their government. I had told us still there.

[00:06:11]Yeah. Uh This asinine theory that they have does not work.

[00:06:20]Mhm. You cannot show me one incident where that it actually worked.

[00:06:25]>> [laughter] >> Yeah. Uh So, when Blinken removed >> [clears throat] >> Russian banks from Swift, what happened?

[00:06:35]That sent a red flag to everybody else.

[00:06:38]Yeah.

[00:06:39]If we don't do what Blinken orders us to do, he'll do it to us. Mhm. So, that created BRICS.

[00:06:46]Mhm. You know, BRICS had nothing to do with gold or anything else. It's geopolitical. Mhm. He even threatened China.

[00:06:55]If you continue to help Russia, we'll do the same to you. Mhm. You idiot. Right.

[00:07:02]I mean, the guy belongs, you know, in my opinion, I think he belongs in prison.

[00:07:06]Yeah. Um right.

[00:07:08]You know, he's usurped American power for personal issues.

[00:07:13]That'd be kind of like Trump sending the uh the you know, the Washington, you know, >> [clears throat] >> uh agricultural department to go cut his grass down in Florida. You know, I mean, >> [laughter] >> Right.

[00:07:25]Yeah. You just can't do stuff like this.

[00:07:27]You know, it and so, China, that created BRICS. Yeah.

[00:07:32]China started dumping US, you know, debt Mhm. uh and buying gold. Buying gold, yeah.

[00:07:40]Why? Because they gold's neutral. Mhm.

[00:07:43]It doesn't matter. And with Lincoln threatening World War II to China, they held 10% of the US national debt.

[00:07:55]Mhm. You go to war with them, you think we're going to pay the interest on that?

[00:07:59]Forget it. But before You always do that war. The computer is showing a panic cycle uh both in war next year as well as in Europe.

[00:08:11]And I would expect Um I mean, even taking the Middle East.

[00:08:19]Um to me, they're the same as our neocons.

[00:08:24]And and I've been to dinner with some of these people and you can't get I can't get my head around their even thinking process. Mhm.

[00:08:34]>> [clears throat] >> The only way I can explain it is find from the '50s and the '60s and and and the '70s, they hated communism.

[00:08:45]Mhm.

[00:08:47]And so when communism fell, it suddenly they didn't care.

[00:08:56]It just turned into an I cuz I was in Washington at the time.

[00:09:01]Reagan wanted to go meet with Gorbachev and they wanted to to stop that.

[00:09:08]And they said, oh, they couldn't call him a communist anymore. So, they said, oh, you can never trust a Russian.

[00:09:14]So, [snorts and laughter] um you know, Reagan [clears throat] went and if he didn't go to Berlin, the wall would never have fallen. You know, uh even Sun Tzu basically in his Art of War said, if you don't know yourself and your enemy, you will lose.

[00:09:33]And just look at what they do.

[00:09:36]And this is my frustration that I see in Europe.

[00:09:40]Mhm.

[00:09:41]Um Trump is the only one who has actually tried to negotiate with Putin.

[00:09:49]Mhm. The rest of them all take the same uh directions from the neocons and NATO.

[00:09:57]Oh, don't talk to him. He's evil. He's this.

[00:10:01]Why? Cuz if you talk to him, then maybe you do get peace. The most change is happening beneath the surface. China and other countries are cutting dependence on US debt and boosting gold reserves because gold is natural. It embodies no political risk, no counterparty risk, and no government guarantees that can evaporate overnight.

[00:10:23]Armstrong argues that sanctions and financial weaponization pushed countries toward BRICS and away from dollar-based system.

[00:10:31]In his view, this is not only about markets. It is about survival in the world where global conflicts and distrust of currencies are rising together. Schiff takes the market angle further saying gold and silver are still early in their bull markets. While risk assets like the Nasdaq could eventually face a major collapse.

[00:10:51]If these trends persist, gold and silver may not just rise gradually. They could surge abruptly as confidence shifts.

[00:10:59]Now, let's get back to the interview.

[00:11:01]All right. So, before the break, I went over the weekly gains in the stock market averages. Well, it wasn't just stocks that were up.

[00:11:09]Precious metals had a very good week.

[00:11:13]Gold rose 3.4%. We closed just over 4,700 in gold. Silver was the star. Up 9.4%.

[00:11:25]Big move, double the Nasdaq on the week. Silver closed back above $80 an ounce. But, you know, was it just precious metals? I mean, industrial metals. Look at copper. Copper hitting a new all-time record high. I think it closed about $6 and 24 cents a pound.

[00:11:46]You know, copper's another way to pay AI and not be in a bubble. Because, you know, all this stuff needs copper, right? And and so, copper's going a lot higher. I mean, I think copper's going to trade where silver used to trade.

[00:11:59]Copper's going to be the new silver.

[00:12:01]Uh so, you know, I'm very bullish on copper. In fact, year-to-date, copper's up over 30%. Think about that. 30%.

[00:12:09]Um silver's up 11% year-to-date. That's not bad. Even with the big drop in March, gold's up 9% so far this year.

[00:12:18]That actually beats the S&P, which is up 8%.

[00:12:22]The Dow's only up 2 and 1/2% so far this year. 4 months in, 2 and 1/2% up on the Dow.

[00:12:29]Um the Nasdaq is beating gold and silver up 13%. Russell Russell 2000 actually up 14%. Who'd have thunk it? Russell 2000 beating the Nasdaq. But, even though the Russell 2000 and the Nasdaq are beating gold and silver, it's not by much. Risk adjusted, you're taking a lot more risk in those stocks. For my money, I'd rather just be in gold and silver than in the Nasdaq. And of course, the Nasdaq's going to collapse at some point, whereas gold and silver are still early in in bull markets. And of course, as I've mentioned many times, I really like the miners.

[00:13:03]I mean, I like both. Everybody should be buying physical gold and silver. I was pounding the table again last week saying buy buy buy, and of course, this was a great week uh to have bought last week. But, I would still encourage people to go uh to Shift Gold and buy.

[00:13:18]In fact, now you can go to the app store and download my app, the Shift Gold app, and you can buy through the app.

[00:13:24]You can also set up a T-Gold account and buy your gold and silver there. I think we're going to have more up days ahead for gold and silver, but the mining stocks had good weeks. GDX up 8.8% and the GDXJ up 9 and 1/2%. So, the biggest winners on the week in the stock market as a group were the gold mining stocks.

[00:13:51]Year-to-date though gold and silver mining stocks are not up much.

[00:13:57]GDX only up 10.3%. That's barely more than the price of gold and less than the increase in the price of silver.

[00:14:06]And the GDXJ year-to-date is up just 11.2%.

[00:14:12]Barely more than the increase in in silver.

[00:14:17]These stocks are still very cheap.

[00:14:21]And for my money, if you want to be in the market, forget about these tech stocks. Yeah, they may keep going up, but they're going to come crashing down.

[00:14:31]So, it's a game of musical chairs and who knows if you're going to, you know, have a chair when the music stops, which means you've sold. But, with the gold and silver stocks, you don't have to worry about getting out because they're not in the bubble. You can hold these stocks for the long run because they're still super cheap in the short run.

[00:14:48]So, that's where you need to look. Look at these gold and silver stocks. Again, go to europac.com, our website, to check out the information on our funds, in particular the gold fund, the Euro Pacific Gold Fund, EPG uh FX uh you know, EPGIX.

[00:15:05]Yeah, EPGIX is the no-load symbol for uh for the gold fund, which you could buy at any discount broker.

[00:15:12]Uh what else happened this week? Oil, as I said, went down quite a bit, down to 95 bucks, but still oil is high. Gas prices are high.

[00:15:21]They're not coming down.

[00:15:24]The dollar also weakened closing below 98 with a 97 handle. I think 97.84.

[00:15:32]So, the dollar now has lost all of its Iran war gains, which were nothing to write home about to begin with. People were making a big deal. Oh, you see, we still have King Dollar. The dollar's still the safe haven. It barely rallied.

[00:15:46]Yes, it rallied, but it wasn't the type of rally that we would have had in in days past when there was war in the Middle East. Uh and I think, again, the bottom is about to drop out of the dollar, and that should coincide with a big move up in gold and silver, and also maybe new new highs in oil even if the war uh continues to be at a standstill. And by the way, I I meant to mention this earlier.

[00:16:14]But just like with the economy, the war is going to be another Trump fantasy victory.

[00:16:22]Regardless of how big we lose, this is going to be framed as the greatest military victory in the history of warfare. Not just the United States, probably going all the way back, you know, in time to the Roman days, right?

[00:16:35]This is probably the greatest victory that any military genius has ever uh had, right?

[00:16:42]And again, yes, we are going to kill more Iranians than they kill Americans, and we're going to destroy more of their planes and sink more of their ships, but based on the objectives that we laid out, I think we will fail across the board. We are not going to change the regime. It's the same regime. We could claim that it's different people because we killed the other people, and now there are new people, but the new people are all the same regime as the old people. And again, I think it could be even more hardline than before.

[00:17:17]But I think the fact that the regime survived is a huge victory. And I said this when the war broke. I said all Iran has to do to win is survive and stick it out.

[00:17:30]Right, they just need to go the distance. Right, they they with you know which it looks like they are going to do.

[00:17:37]Also, if our objective was to reduce Iran's influence in the Gulf region, I think it backfired. I think they're going to end up more influential than they were before. I think it's America that's going to see its influence in the Gulf diminished as a result of this war.

[00:17:54]I think our allies will be less aligned with us. We may have fewer bases in the Middle East.

[00:18:02]And Iran's influence may grow even though it has you know, not as many you know, ships or or or planes.

[00:18:11]It may have more economic influence, more influence over the strait, more influence over oil.

[00:18:19]I think China is going to be a big winner. Russia is going to be a big winner.

[00:18:24]So I think that we are going to be in a worse position.

[00:18:27]Now with respect to nuclear threat, I don't know to what extent that threat was ever real because I've been hearing the same thing for my entire life about how close Iran is to a nuclear weapon.

[00:18:41]So we'll never know I guess to the if that was true or if it was just like the Iraqi weapons of mass destruction.

[00:18:48]But I'm sure that we are going to say that the world was saved from a nuclear nightmare that Iran was probably weeks away from wiping out the entire planet and but for the efforts of Donald Trump, we'd all be dead right now or we all be mutants or something like that. But that's how it's going to be framed cuz you know, Trump has to frame this as a win just like he has to frame the economy as a win. This discussion is compelling because both perspectives converge on the same conclusion from opposite angles.

[00:19:19]Armstrong emphasizes capital flows, war risk, sanctions, and the erosion of trust between states.

[00:19:27]Schiff stresses markets, debt, the dollar, mining stocks, and the vulnerability of paper assets. The result is clear. Gold and silver are no longer mere alternatives. They are a strategic hedge in a fragile financial world. Schiff highlights that silver recently showed stronger momentum than major stock indexes, while gold continues to outperform much of the broader market on risk-adjusted basis.

[00:19:54]He also suggests that mining stocks may still be undervalued compared with the moves already underway in metals. His view is that physical gold and silver remain essential, but miners could offer even stronger upside if the bull market continues.

[00:20:11]Armstrong's warning is broader. He argues that geopolitical turmoil can propel metals far beyond traditional inflation models projections. If war risk, dollar weakness, and central bank accumulation persist, gold and silver could enter a far more explosive phase.

[00:20:29]Share your thoughts about this interview in the comment section below. If you find this video helpful, please hit the like button, subscribe to the channel, and ring the bell icon. Thanks for watching.