The Peter Schiff Show Podcast War, Oil, and Inflation Are Setting Up Gold’s Next Surge
Mar 13, 2026
Rising oil, higher yields, and a firmer dollar explain a metals pullback while war-driven deficits and Fed monetization loom. Discussion spans stubborn inflation, weak GDP and housing risks. Commodities rally in sync and the current selloff is framed as a buy-the-dip setup for gold and silver.
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Metals Dip Caused By Dollar, Rates, And Oil
- Gold pulled back ~1.8% amid a stronger dollar, rising bond yields, and oil gains that pushed expectations of delayed Fed cuts.
- Peter Schiff argues those factors are short-term headwinds while the bigger macro drivers remain bullish for precious metals.
Buy The Dip In Gold Silver And Mining Stocks
- Buy the dip in precious metals and mining stocks because Schiff expects a major rally to resume; he says gold support is near $5,000 and silver remains in a breakout.
- Mining indexes GDX/GDXJ were >25% off recent highs, creating a buying opportunity despite short-term decline.
War Spending Will Force Fed Debt Monetization
- The Iran war will increase fiscal deficits and pressure the Federal Reserve to monetize debt, which Schiff says is ultimately bullish for gold and bearish for the dollar.
- He expects rising war spending to force the Fed to 'crank up the presses' amid slower growth and higher long-term rates.