In a powerful historical parallel, veteran market strategist Peter Grandich argues that gold may be in the early stages of a massive bull market, similar to the legendary “Dow 3,600” call that preceded a multi-decade run in stocks. While mainstream sources focus on a flawed jobs report, Grandich explains why the underlying economic data points to a major flight to safety and a revaluation of hard assets. He lays out his powerful case for a coming M&A “mania” in the mining sector and gives his forecast for $5,000 gold and triple-digit silver.
(Recorded September 5, 2025) At Kitco News, we believe that when markets move this fast, our viewers deserve the most timely intelligence possible.
Topics Discussed:
-The historical parallel between the 1980s stock market and today’s gold market.
-Why the “real” jobs number shows a contraction of -74,000.
-His forecast for $4,000-$5,000 gold and $100 silver.
-The “second to none” fundamental argument for silver’s outperformance.
-Why the Fed is a “Wizard of Oz” that has lost control.
-His prediction for an M&A “mania” in the junior mining sector.
-His #1 rule for investing in junior miners: “Management, Management, Management.”
-His bearish warning on cryptocurrencies and comparison to the “.com bubble.”
Follow Jeremy Szafron on Twitter: @JeremySzafron (
Follow Kitco News on Twitter: @KitcoNewsNOW (
Follow Peter Grandich on Twitter: @PeterGrandich (
00:00 Introduction
00:43 Gold and Silver Market Trends
00:57 Bitcoin and Economic Divergence
01:13 Interview with Peter Granich
01:26 The Great Divergence in Market Signals
02:51 Federal Reserve’s Role and Critique
05:20 Gold as a Safe Haven Asset
11:56 Silver’s Rising Importance
13:50 Investment Strategies in Mining Stocks
29:26 Conclusion and Final Thoughts
#gold #investing #stockmarket #silver #recession
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The videos are not intended to provide trading advice, and the views expressed do not necessarily reflect those of Kitco Metals Inc. Kitco News, its anchors, producers, and reporters are not responsible in any way for the performance or actions of any sponsor, advertiser or affiliate of Kitco News. In no event will Kitco and its employees be held liable for any indirect, special, incidental, or consequential damages arising out of the use of the content in this video.
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42 Comments
Peter Grandich's "unpopular truth" was that the public is buying equities while insiders and institutions are selling.
What's the most consequential trend you're seeing in the markets right now? Let us know in the comments below.
Trump hater guest. idiot.
Stable coins will replace Bitcoin transaction for legal and illegal transactions better, faster, cheaper. Finally fiscal dominance is here to stay for a long time – China and US. The Fed does not have the tools to control fiscal dominance. The only soft landing will be with the wealthy. It was the Best of Times ……
Fyp
Eventually you may be correct,while missing the best market in years!
BLS will be BTS…Bull Trump Shxx. Farmers broke, Coal mines shutdown, USD drop 11%, even McDonalds sales down 3%. MAGA idiots are in depression. Worship a criminal conman, get more crime and corruption.
World is boycotting big bully war monger USA.
I Agree with Peter about the BLS.
5:40 If you highlight this term because of the actions now, but didn't call out the "expansion" of the central bank in the past – and see what the real agenda was (plus call it out then), then you're partisan. Both parties are guilty of doing exactly this, even if they disguise what they're doing.
14:01 While we hear miners are volatile, remember that the gold mining index from iShares (RING) was near $5 in late 2015/early 2016. Up the point of time writing this comment, this ETF has outperformed the NASDAQ, the S&P 500 and even beloved Warren Buffet's Berkshire. Gold mining has actually done quite well since that capitulation.
15:09 Great point!
Favorable arguments: 16:05, 16:57, 17:07 (great outside perspective)
love Peter's accent….Americer, Africer……but love his insights even more
Does anyone know the name of the gold and copper company he invested in? The name he said wasn't very clear.
So buy gold while its in a blow off parabola and sell bitcoin in September of the 4th year post halving. Got it.
It's the actual quants that rip billions out of the market when they are ready, check just the tech chart compared to the rest of the market for the last 20 years
Jeremy Szafron is the best Kitco anchor in the last few years 👍
nothing is great about what he has done with immigration. The reason for an immigration policy is reasonable but the execution using untrained citizens on its own residents was the worst thing i have ever seen in my time on this planet. We shouldn't be trying to recreate the stanford prison experiment.
Jeremy, who plays the guitar on your intro and exit. It’s just a very very good tradition of controlled rock and I want to copy it please on my guitar I mean.🙂
Just like Don Corleone. “Dat bitcoin, your business is dangerous”
BKRRF – Blackrock Silver Corp
This Nevada USA jurisdiction mine is mostly silver and some gold . This .16 cent per share price project immediately doubled after mining legend Eric Sprott came in with 5 million dollars . They have been given the distinction of the highest grades of silver anywhere .
RIOFF – Rio 2 Limited
This gold and silver mining company is in a safe jurisdiction in Chile . After this .50 cents per share range project received full permits- their share price doubled immediately . They now announced the schedule of pouring gold and silver in January of 2026 . This mine also is very eco friendly and the country loves the model operation that it is . They are climbing steadily in price .
yea ok i regret subscribing … must have been a guest
This channel is pathetic that they cant finish an episode without attacking bitcoin – thats how much they are scared of it
Arizona metals, eh Peter? God was looking the other way while you were praying it would shoot up.
The outro music is rockin’
Finally someone gets it.
Bravo. Great interview
Wrong again
it's coming
Bang on for crypto, it’s a scam. I only added MSTR this month and will sell soon
Great interviewer!
You missed the 7,000 S&P500 in 2026
What is the gold company mentioned in the interview? Tx in advance
Sorry, at Min.21, what is the name of the copper&Gold company?
Go for Gold!!! The future value of gold will be worth a fortune… Gold is and will always be King!!
😂😂😂 just let us know when it's starts already and not every saying it like a cry Wolf
physical silver vs paper silver is 1-500 but be careful paper silver has both short and long positions. bullion banks have enough money to sell high and buy low without risking any margin calls. liquidity drying and volatility will go higher and higher. I assume silver will be trading between 46-36$ till the end of 2025. Don't be greedy but also don't be too afraid to loose some in order to win more.
What was the name of the copper gold play he mentioned in British Columbia?
The Fed works for the Banks not the people. Government works for itself no the people, and the Fed knows it!
Bitcoin = Bitcon ✅️
Completely agree with Pete. With 35-40 btc address, much less if beneficial owners are taken in account, in control of 90% of all issued btc, i'll take legislative fiat currency anyday over bitcoin. Btc is digital tulip, not digital gold. The fact that its marketed as digital gold says it all – a trojan horse for money printing.
What’s the name of the company he invested in? 20:19
Any chance kitco sells gold???
The book was"Dow 36,000! He was right.
People what do u smok, thanks 😮😮😮
Jeremy your are looking a bit stressed out. take care of your health, its more important than money
Great interview. Think he's off base stating bitcoin has been trading in a range for the last 3 years though… Not sure what chart Peter is looking at
Peter's the best!