Gold just posted its highest close ever at $5,079.90, after briefly clearing $5,100. The dollar index is sliding to multi-year lows, and investors are piling into the safe-haven trade as tariffs, deficits, and the Fed collide.
In this Fox Business segment, Peter Schiff breaks down what’s driving gold right now–tariff policy, runaway government spending, dollar confidence, central-bank buying–and why he believes the real bubble is in the dollar and U.S. financial system, not in gold.
They also discuss mining stocks: why many are effectively cheaper despite big gains (earnings have risen faster than prices), and where Peter think the next wave of capital flows may go.
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