Peter Schiff warns that a “great repricing” is underway and the Federal Reserve is about to make its “biggest error yet” in the face of a U.S. sovereign debt crisis. In this exclusive interview with Kitco News Anchor Jeremy Szafron, Schiff explains why this crisis won’t be like 2008 and what it means for the U.S. dollar, gold, and your savings.
Schiff argues that the entire gold and silver rally, which has seen both metals hit multi-year highs, has been driven by central banks, not retail investors. He reveals that sales volume from “stackers” is nowhere near previous peaks and explains what will happen when the public finally rushes in. He also directly refutes claims made by the U.S. Treasury Secretary about the performance of U.S. bonds, explaining why foreign investors are facing significant losses and are now selling their U.S. debt.
Finally, Schiff gives his forecast for a potential financial panic, including the government’s likely response of capital controls, and discusses the risk of nationalization for gold miners and confiscation for physical gold owners.
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This interview was recorded on September 16, 2025.
00:00 Introduction and Market Overview
00:28 Historical Context and Fed Decisions
01:03 Interview with Peter Schiff Begins
01:27 Fed’s Policy Errors and Inflation
03:50 Global Repricing and Dollar Weakness
04:43 US Debt and Treasury Holdings
07:20 Fed’s Mandates and Political Influence
12:56 Critique of the Federal Reserve
16:55 Banking System Vulnerabilities
20:07 Potential Government Responses
22:53 Gold Market Insights
23:11 Investment Strategies in Gold
24:14 Gold Stocks Surge
24:47 Mining Stocks: A Better Investment?
26:03 Central Banks and Gold
28:20 Future of Gold Mining Companies
31:58 Government Involvement in Mining
37:23 Silver’s Potential Boom
43:45 Conclusion and Future Outlook
#PeterSchiff #Gold #FederalReserve #Economy
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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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44 Comments
Great to have Peter Schiff back on the show for this critical discussion. He made a strong case that the entire financial system is undergoing a "great repricing."
After hearing his forecast, what is the single biggest step YOU are taking to prepare?
Let us know your thoughts in the replies below, and thank you for being part of the Kitco News community.
But, billionaires need a tax break … Great leadershit!
Everybody is talking about gold and silver so probably missed the boat!
Milei may not be the best example considering they now are being bailed out by the US…
Trump is a liberal. Always has been, always will be. He loves big government. You know the “conservatives” are as stupid as the liberals when the government is trying to control the economy and the “conservatives” all cheer like a bunch of sheep. MAGA is just the right wing big government version of woke.
End the FED…the debt situation is beyond the Rubicon. This ends badly for hard working Americans
Why always some typical anti democrats BS… No point to bite at AOC when trump is literally destroying the country.
oh, pete schill is still alive! :)))
Gold is the biggest bubble ever…. BITCOIN STANDARD…
Lol Peter brings up bitcoin, interview over
The SCOTUS doesn't get to nullify acts of Congress like the Federal Reserve Act just because the Constitution doesn't mention the subject. It is not the SCOTUS' business, unless the Constitution says no to it.
Even weirder take about inflation. Inflation is sellers raising prices. If they don't do it (for example now when they are slow reacting to Trump's inflationary tariffs), no inflation.
mucking about with the Federal Reserve, with no public mandate, with no alternative in place, handing it to the sycophants of the Trump Administration- it will trigger a collapse of confidence in the USD
How many times has Trump filed for bankrupcy? (11 times), he's doing the same to the US. Worse business man ever.
Triple OG!
Good and udegul. Greatly appreciate
Never misses a chance to expose his ignorance on bitcoin.
Crypto ad precedes this podcast. why is that? Does Schiff sell crypto? Does he tout it like H Lutnick or Sam B Fried? I doubt it. Crypto has NO INTRINSIC VALUE! so, why is it associated with this podcast? Start thinking people! This nation is turning into a very strange beast, run by Wall st criminals equity/hedge fund crooks who turn inside information into billions and then push a foreign country's future into ours.
The US will use the 4 trillion collected in tax, as the limit of repayment on the debt.. and keep borrowing to cover obligations
Blah blah blah
Gold in the ground is something you don't have in your possession and my never have gold in your safe is 😊
There's an ever increasing shortage of gold and silver due to the need for electronics. It's a great bet that it will continue for the foreseeable future. Which is the exact reason why the nations of the world will jump at the chance to pull it out of the monetary system. If they switch to something else to back currency, such as Bitcoin, then they can dump their gold and silver holdings driving the price down and helping the tech industry
PALLADIUM 🎉
Back to sleep grandad
A good report but ending up so politically biased is offensive and unnecessary.
I wanted to buy physical gold and silver 20+ years ago but figured I'd get it stolen one way of the the other. Everything of value I've ever woned has beens tolen except my bank account. And I don't trust mining companies, plenty of them have failed. My only solution would be to use my savings and start my own business .Of all the asset managers I'd go with Schiff . He will eventually be looked at as a Savant. .
It's nice to hear someone who is truly apolitical. Biden bad. Trump? Much, much worse.
A broken clock is more accurate than Peter Schiff.
If you follow Peter you know that he has predicted this pattern all along. If you don’t follow him, you should. You’re missing out on good info
The real corruption concerning the U.S. financial issues is in congess, not the executive.
I'm profiting from the trump recession. I could clearly see the chaos coming. I deployed my assets accordingly. I'll do the same when AOC is elected president.
cant wait for the next peter schiff was right video
delusional liberals lmao…. by raising tariff, more tax collected. now tell me how a recession happens ?? lmao😅
Retail isnt buying gold.. Yet. When they do, we will really see a price run up.
Grab your life vests….. this is crash landing with a orange malignant narcissists in the pilots seat😂
AOC is not president. Stupid, ignorant, lying, Pedifile Donold Trump is President, and he is purposely destroying the US ECONOMY. This is his FCKUP!
This guy is a broken clock
peter schiff amazing man in alot of ways
were not going back to a gold standard not ever ,loverly idea but wont happen ,so easy to say oh this that needs to happen ,ewont happen
You need people who do not want to destroy our country in power. People who are not in the pocket of Putin!
I don't know if there was a word I disagreed with in this discussion.
as long as there is QE till infinity and low rates there wont be a crash, why would there be with trillions of dollars still swoshing around in the system, the only thing that will cause a crash is if the 10 yr treasury which is 4.14% currently i think goes to at least 5% or 5.5% if that happens, i think there will be a 10-20% correction but the US$ index has weakened, it was 105 now its what 97, so i dont think so, not anytime soon, have a look at the chart of the VENEZUELA stock market its PARABOLIC, because the BOLIVAR has collapsed, if you think the US$ will collapse theres nothing to day the DOW wont get to 100,000 or 500,000 or even 800,000 but of course in US$ that have less and less purchasing power, so the stock market can continue to go way up but in dollars that are worth less and less every day.
Raise rates with a failing labor market? This guy is a hack.
Royal Gold 💰
1929 repeat… incoming 100 years later … get ready for a big pump fake .. rates will drop.. real valued assest will decline and bad purchases will rise .. its going to be a fake out to the bottom.. if warren has his cash on standby so should you.