Why Peter Schiff bets on an unstoppable increase in the price of gold and silver

Yesterday, Peter Schiff, a big skeptic of Bitcoin, literally ignited his X account. His tweets, triggered in cascade, seemed to wear a single chorus: gold is king. Like a child in front of his favorite toy, he chained the exalted publications. His thread was a vibrant tribute to the brilliance of yellow metal, with a assumed contempt for the queen cryptocurrency.

Golden records and triumph of Schiff against a backdrop of a half -mast

Peter Schiff Jubilee. L'Now flirts with historical summits. On April 22, the precious metal briefly exceeded the $ 3,500 per ouncewhile it was valued at 3,245 dollars ten days earlier. A surge of 31.6 % in 2025on the background of geopolitical tensions and increasing inflation. He evokes a new bullish impetus for gold : While gold shines, the dollar vacillates, with a fall of 9 % over the same period.

Schiff does not hide his enthusiasm ::

Gold is not a commodity like the others, it is money.

For him, this flight sounds The death knell for domination of the greenback. The GDX, ETF flagship of the gold mines, has been at its highest since 2012, even outperforming gold itself. For Schiff, this inversion is a clear signal: the market is bullish.

In his publications of June 13, It connects this increase to tensions in the Middle East.

Israel attacks Iran. Oil prices jump by 5 %, while S&P term contracts drop by 1.5 %. In response, investors looking for a refuge value buy gold, which increases its price by 0.85 %.

There refuge value, It is gold, he insists, not Bitcoin, which lost 2.5 %that day. New proof, according to him, that cryptocurrency does not play in the same courtyard.

Duel gold against Bitcoin: an old quarrel brought up to date

Peter Schiff is not at his first charge against Bitcoin. He has been bent for years to compare him unfavorably to gold. For him, The yellow metal is tangible, historic, reliable. Bitcoin? A digital mirage, a bubble fueled by hope. He tweets:

The fact that Bitcoin has not progressed compared to gold, despite more than three and a half years of media threshing, is proof that the bubble has reached its peak.

The opposition is scathing. But it is also useful, as it highlights two visions of the value. One, ancestral, is based on physical rarity. The other, more recent, on decentralization and technology. Schiff does not concede anything. He persists: gold is concrete, bitcoin, a fashion effect.

However, the crypto community does not give up. Some users point out that despite volatility, Bitcoin price increased by 0.75 % over seven dayswith an explosion of 40.56 % of the exchange volume. The debate therefore remains lively. Schiff himself quips: ” Where is Bitcoin? When gold dethrones the euro as the second world reserve.

Orientation of values: between gilded cult and digital faith

Schiff is not content to love gold. He idolizes it. When he writes ” Life in America is about to change in a way that few people can imagine “, He prophesies a monetary switch. Gold is no longer just coverage against inflation. In his eyes, he becomes a new standard, an alternative pillar.

Let's compare the current trajectories:

• +62 % for gold in 2024, a historic record;
• 20 % of the central reserves are now in gold, according to the ECB;
• Bitcoin absent assessments of large central banks, except El Salvador;
• USD in free fall with a loss of 9 % over the year.
• 1,000 tonnes of gold bought by central banks in 2024, for the 3rd consecutive year.

Meanwhile, the BTC remains perceived as a risky active. Schiff hammers:

Investors get rid of Bitcoin, which drops its price by 2 %.

For him, Bitcoin follows the actions curve. Now, he says, follows fear and instinct for preservation. Even state obligations lose their attractiongradually replaced by the yellow metal in the chests of central banks.

The opposition between gold and bitcoin is not a simple binary choice. It is part of a broader debate on the nature of the value, confidence in digital institutions and promises. Buying gold or bitcoin is not a question to decide in a sentence. However, in a world still attached to tangible certainties, gold could well keep one step ahead.