The Peter Schiff Show Podcast

Gold & Silver Crash: Why This Selloff Changes Nothing (Buy the Dip)

Feb 2, 2026
A frantic paper selloff in gold and silver is blamed on coordinated futures dumping, not fundamentals. Physical demand and rising coin premiums are highlighted as signs of strength. Mining stocks plunged deeper, creating potential value opportunities. Bitcoin and crypto failed to ride the metals rally, prompting suggestions to rotate into real money.
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ANECDOTE

Missed The Drop While Flying

  • Peter Schiff missed the quick market move while flying to El Salvador due to lack of internet.
  • He saw the violent drop only after landing and checking prices on his phone.
INSIGHT

Crash Is A Short-Term Blip

  • The crash erased recent gains but didn't end the bull market in gold and silver.
  • Peter Schiff expects the long-term trend to remain intact and calls the drop a short-term blip.
ADVICE

Buy The Dip In Metals And Miners

  • Buy the dip in physical gold and silver rather than panic-selling.
  • Accumulate mining stocks too, since they were hit even harder and offer greater value.
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