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A violent surge in gold and silver is signaling a collapsing confidence in the U.S. dollar and sovereign debt, pointing to a looming monetary crisis that investors are dangerously underestimating, Peter Schiff warns.
Peter Schiff Warns Historic Gold Spike Is Final Alarm for Dollar Stability
Economist and gold advocate Peter Schiff shared on social media platform X on Jan. 27, 2026, that a historic surge in gold and silver signals an imminent breakdown in confidence in the U.S. dollar, framing the price action as a severe warning for America’s debt-backed monetary system.
He said:
“ Gold closed just under $5,180, up over $170 today— the biggest one-day price increase ever. Gold is sending a clear warning that a U.S. dollar and sovereign debt crisis is imminent. Ignore this warning at your own financial peril.”
Earlier in the day, as gold and silver climbed sharply but before the later acceleration, Schiff highlighted the initial breakout, writing on X, “ Gold just soared to a new record high. It’s trading above $5,130, up over $125 on the day. Silver is back above $111.” The contrast between the earlier update and the later close underscored how rapidly momentum intensified across precious metals markets, culminating in his conclusion:
“This is a huge deal and what it portends for the U.S. is not good. Buy gold and silver now.”
Read more: Peter Schiff: Silver Is Running Out — Buy Now Before There’s Nothing Left
Schiff has long promoted a bullish stance on gold and silver, portraying their recent gains as part of a broader erosion of confidence in the U.S. dollar rather than a short-lived price spike. While gold remains his primary monetary hedge, he has increasingly emphasized silver, arguing that its advance reflects tightening physical supply and demand the market has not fully priced in. In recent months, he has warned that inventories are shrinking and that sustained buying could make physical metal harder to obtain as prices climb.
He has also argued that mining equities do not reflect underlying metal prices, characterizing periods of volatility as opportunities to gain exposure to what he views as undervalued reserves in the ground. From his perspective, record pricing signals a renewed preference for tangible assets and a reassessment of metals’ monetary role. At the same time, investors continue to assess bitcoin, ethereum, and XRP as parallel hedges, pointing to expanding institutional participation and deeper integration into global payment and settlement systems as the dollar faces persistent uncertainty.
FAQ 🧭
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Why does Peter Schiff believe the surge in gold and silver signals a U.S. dollar crisis?
Schiff argues that record one-day gains in gold and silver reflect collapsing investor confidence in debt-backed U.S. monetary policy and foreshadow a sovereign debt crisis. -
What is the investment significance of gold closing near $5,180 in a single session?
For investors, the historic $170 one-day increase suggests panic-driven capital rotation into hard assets as a hedge against dollar devaluation. -
Why is Schiff increasingly bullish on silver alongside gold?
He contends silver’s rally signals tightening physical supply and rising demand that markets have not fully priced in, creating asymmetric upside risk. -
How should investors interpret Schiff’s view on mining stocks and alternative hedges?
Schiff sees mining equities as undervalued relative to metal prices while noting cryptocurrencies as parallel hedges amid growing uncertainty around the U.S. dollar.
coindesk.com
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