Silver’s BREAKOUT Will Be 10x Bigger Than Gold’s” (Uncut) 03-20-2025

“MARK MY WORDS! Silver’s BREAKOUT Will Be 10x Bigger Than Gold’s” – Peter Schiff

This is a brand new leg of a huge bull market where gold started below 300. We’ve now gone up 10x in the price of gold so far this century. Gold is beating the S&P 500 and I think it’s going to accelerate from here and even take a bigger lead on the stock market as the stock market goes down, but it’s doing it in complete obscurity.

There is no gold rush going on. Investors haven’t woken up. In fact, all of the buying really is being driven by the central bankers.

Gold prices surpassed the $3,000 per ounce mark for the first time on Monday, closing at approximately $3,012.09 per ounce. This surge was driven by investors seeking safe-haven assets amid escalating geopolitical tensions and economic uncertainties. The upward trend continued on Tuesday, with gold prices reaching a new all-time high of $3,038 per ounce.

This increase was attributed to heightened geopolitical tensions in the Middle East and fears of a global trade war, prompting investors to seek safe-haven assets. The weakening U.S. dollar also contributed to this surge. Major financial institutions responded by raising their gold price forecasts.

For instance, UBS increased its three-month forecast to $3,200 per ounce, anticipating further price increases driven by safe-haven demand amid policy risks and escalating trade conflicts. Renowned economist and gold bug Peter Schiff believes great things are on the horizon for the leading precious metal, particularly as central banks are expected to continue ramping up their purchases in the coming weeks and months. In a recent video in which he reacts to gold hitting this historic milestone, Schiff reminisces about gold’s ascent to $2,000 and the silent breakout to $3,000.

He highlights a key distinction between past rallies and this one. This move is being driven by central banks, not retail investors. Retail investors have been selling gold throughout the rally from $2,000 to $3,000, failing to recognize the shift in market dynamics.

Meanwhile, central banks, the insiders of the fiat system, have been aggressively accumulating gold. Another key point Schiff makes is that gold’s rise is happening despite the relative strength of the U.S. dollar. This is why he strongly believes gold is not likely to experience a significant pullback this time.

Instead, he argues that gold is in the early stages of a much larger bull market, with the next key target at $4,000 per ounce. As we present clips from Peter Schiff’s video, please share and like this video, subscribe to the channel, and turn on the notifications bell for more videos like this. We appreciate the support and hope you enjoy the video.

Of 2020, that was during the COVID lockdowns. And I remember that the phones were ringing off the hook at Schiff Gold. Everybody wanted to buy gold at $2,000.

There was a lot of fanfare. The media covered it, $2,000 gold. The premiums really were shooting up.

It was kind of hard to get some of the products because there was so much investor demand at $2,000. Now, it almost got to $2,000 in 2011, got to $1,900 and change. And I remember that as well.

Everybody assumed that $2,000 was kind of a foregone conclusion. I remember back then, I thought it was going to go a lot higher than $2,000. We had just started all the QE programs.

We were printing all this money. The dollar was looking like it was going to get killed. So it didn’t seem that gold was going to stop.

Well, then, gold actually went into a pretty big decline. And it bottomed out in December of 2015, when the Fed finally hiked rates. And it bottomed out at $1,050.

So almost a 50% decline after we almost got to $2,000. But then when we got there again and actually got above $2,000, everybody thought, this is it. This is liftoff.

And there was a lot of demand. And what happened? The price of gold fell again. It didn’t fall as dramatically as it did the last time.

It didn’t have a 50% correction. Only about 20% or so, gold bottomed out above $1,600 in 2022. And then it got above $2,000 again in the fall of 2023.

Except the difference between $2,000 gold in 2023 and in April 2020 was that the public wasn’t really interested. They had been burned twice before with $2,000 gold. And the third time wasn’t the charm.

Nobody really wanted to buy gold at $2,000. Everybody was convinced that it was the top, and it was going to go down again. And I had a hard time trying to convince people that no, $2,000 is no longer the ceiling for gold, but the floor.

But a lot of people didn’t believe me. And gold finally broke out decisively above $2,100 in 2024. Probably it was at the end of the first quarter.

And then it never looked back. The price of gold kept going up until today it’s now above $3,000 an ounce. But again, today, no real media coverage.

It’s barely been mentioned. Nobody is talking about it. Not like they talked about it at $2,000 in 2020 or when it almost got to $2,000 in 2011.

It wasn’t even an afterthought or a second thought. Nobody is paying attention. The public has been selling gold the entire rise from $2,000 to $3,000.

So to me, this looks very different than 2011 and 2020. We’ve built an enormous base for gold at $2,000. This is a brand new leg of a huge bull market where gold started below $300.

We’ve now gone up 10x in the price of gold so far this century. Gold is beating the S&P 500. And I think it’s going to accelerate from here and even take a bigger lead on the stock market as the stock market goes down, but it’s doing it in complete obscurity.

There is no gold rush going on. Investors haven’t woken up. In fact, all of the buying really is being driven by the central bankers.

Investors haven’t even woken up to what central banks are doing, but the central bankers are the insiders of the Fiat monetary system. So when you see in the stock market, if the insiders, the people that work at the company are buying company stock, that’s a good sign. If they’re selling company stock, then maybe they know something bad and you should follow their lead.

Well, the insiders in the Fiat monetary system have been dumping their dollars to buy gold. They obviously know something and the public hasn’t caught on yet. So I think unlike the prior peaks of 2000, I don’t expect any significant pullback from the current $3,000 price.

In fact, we’re probably going to go straight up to 4,000 and beyond. In fact, when gold hit 2,000 in April of 2020, the dollar index was at 93. Today, the dollar index is at 103.

So the dollar has increased 10% even as gold prices have risen 50% in dollars. And what that means is that the price of gold in other currencies like the euro, like the pound, like the Australian or Canadian dollar or the Japanese yen or a lot of other currencies, gold has done even better in terms of those currencies than it has in terms of the dollar. But my expectation is that the dollar has topped and is headed substantially lower.

I expect the dollar index to get down to 93 again before the end of the year. In fact, I think it’ll go lower. But when the dollar index hits 93 next time, I expect gold to be pretty close to $3,500 an ounce, not 3,000.

So this is the time to buy. Gold just hit a historic milestone, $3,000 per ounce, yet almost no one outside of hardcore gold investors is talking about it. No major headlines, no media frenzy, no retail gold rush.

Compare this to 2020, when gold first hit $2,000. There was hype, panic, and a rush to buy. But now? Silence.

And that silence. That’s the biggest signal of all. Unlike past gold rallies, where speculation and hype drove prices up, only for them to crash later, this time, the driving force isn’t retail traders or speculators.

It’s the central banks. The smart money is buying, yet many investors are blissfully unaware of what this means. So, let’s break it down.

Over the last two years, central banks worldwide have been dumping US dollars and accumulating gold at record levels. Countries like China, Russia, India, and even European nations have been quietly stockpiling gold. Central banks are the ultimate insiders in the monetary system.

If they’re buying gold aggressively, what do they know that the rest of the world doesn’t? Historically, when insiders sell their company stock, it’s a warning sign that the business is in trouble. But when insiders are buying heavily, it’s usually because they see a massive opportunity ahead. So what does it tell you when the very institutions that manage fiat currency are getting rid of paper money and hoarding gold? It tells you that gold isn’t just another investment.

It’s becoming the foundation of the next phase of the global financial system. This is why Schiff and other renowned gold bulls have urged investors to ignore the mainstream media and pay attention to what’s happening with precious metals. For investors who think it’s too late to buy gold, Schiff has two great substitutes that he believes could fetch even more massive gains for buyers.

But actually, instead of buying gold, which you could buy, and I still recommend because it’s going up, you could buy silver. Because silver is still below $34 an ounce. The reason that silver has not gone along for the ride with gold is because central banks aren’t buying silver.

That’s what retail investors buy. Silver has been described as the poor man’s gold. Well, men and women haven’t been buying gold or silver unless they’re central bankers.

So silver is the sleeper precious metal that’s about to wake up. Silver doubled top at 50 in 2011. It didn’t even get back to 50 in 2020.

It got to about 35. We’re almost there now, but still not quite. I mean, gold has gone up by 50% and the price of silver has gone down.

That’s really unprecedented. The other time silver hit $50 was 1980 when the Hunt brothers tried the corner of the market. I think we’re going to see $50 silver probably this year.

And I think when it breaks $50, it’s going to be like gold break in 2000. It’s going to go up, really, and not look back. So if you missed a boat on gold, although it’s not really missed because I think it’s going a lot higher, but if you miss buying $2,000 gold, you don’t want to miss buying sub $34 silver or even sub 50 because you won’t be able to get those prices for long.

If you really want to go for the home run, you want to look at the mining stocks. I don’t really talk too much about them on these shift gold videos, but I can’t help it because the mining stocks I think right now are the best way to buy gold if you’ve got more of a higher risk tolerance. The gold stocks are lower today than they were when gold closed at 2000 in April of 2020.

So again, you’ve had a 50% rise in the price of gold yet gold stocks that mine that gold and have huge reserves of that gold have actually gone down. Now, the reason gold in the ground has not done as well as gold above ground has to do with the rising costs of mining. But recently, the price of gold has been rising faster than the cost of mining it.

That hasn’t been true because inflation has driven up mining costs faster than it’s driven up the price of gold because there’s been so much skepticism on the part of investors that keep thinking the price of gold is going to fall. Investors haven’t woken up to the reality of high inflation, as far as the eye can see. They still believe that the Fed is going to be able to bring inflation back down to 2%.

There’s no chance that’s going to happen. Inflation isn’t going anywhere near that. In fact, it’s already bottomed out and is headed much higher.

None of that has really been priced into gold yet. But I expect that over the next several months and several years, gold prices are going to rise much faster than the cost of mining. And so that’s going to make mining a much more valuable business, but also it’s going to really unlock the value of the gold that’s still in the ground.

I just wanted to do this short video because I remember how difficult it was to convince people a year ago to buy $2,000 gold. And so many people were waiting for a pullback. Let me just get a pullback.

Let me just get $1,750, $1,800. That pullback never came. And so the people who are waiting for a pullback are still waiting.

And now the price of gold is 50% higher. And I know that a lot of people are going to feel the same way about $3,000 gold. Let me wait for a pullback.

You’ll be waiting and the next thing you know, it’ll be $4,000 gold. I don’t think there’s going to be any significant pullbacks worth waiting for. That doesn’t mean there won’t be any, but they’re not going to be big enough to make it worth your time or the aggravation of hoping to catch it.

I think you just move in now. But if you want to buy something that’s not on the highs, then buy silver. So if you can’t bring yourself to buy in $3,000 gold, even though in the scheme of things, it’s still cheap, then load up on $34 silver.

In fact, silver closed today at $33.92. So you still have a chance to buy silver below its all-time high. Now, I don’t think that chance is going to be there much longer. So take advantage of it while you can.

And again, if you’re looking for the home run, if you’re looking for the 10 bagger or more, then you really got to take a look at the miners. And not only do they mine gold, but they mine silver. So here’s your chance.

I think before the rest of the world really wakes up, right now it’s been the central bankers. They haven’t had to compete with investors. They haven’t been competing with the hedge funds and the endowments and the pension funds and the retail investors.

And they still driven the price up. But the central banks still have a lot more gold to buy. They’ve only just begun because this is a major divestment of US dollars that is going to accelerate and gain traction.

But when the investors start competing with the bankers, then I think you’re going to start to see the price moving up much, much faster. So before there’s a real gold rush going on, before you’re competing with a stampede of other buyers, buy now while you can still get great prices. Peter Schiff’s analysis offers a compelling argument for why gold’s rally is far from over and why investors should start paying serious attention to silver and gold mining stocks.

His perspective isn’t just about celebrating gold’s historic milestone, it’s about identifying the next major opportunities in the precious metals market before they become obvious to the mainstream. While gold has surged past previous records, silver has remained relatively stagnant. Schiff attributes this to the fact that central banks are primarily buying gold, while silver remains a metal driven by retail investors, many of whom have yet to catch on.

This, he suggests, is about to change. Historically, silver has followed gold’s lead, and every time it has reached its previous high of $50, whether in 1980 during the Hunt brothers’ attempt to corner the market or in 2011 amid economic uncertainty, it has done so with explosive momentum. Schiff believes that silver is now on the cusp of another major breakout.

With gold already up by 50%, it is unprecedented that silver hasn’t moved in tandem. But markets don’t stay disconnected forever, and as investors shift their focus, silver could experience a surge unlike anything seen in over a decade. Beyond physical metals, Schiff emphasizes what he considers the most overlooked opportunity – gold mining stocks.

Unlike bullion, which has already seen significant gains, mining stocks have lagged behind. Despite gold’s rapid ascent, many gold mining companies are trading lower than they were when gold was at $2,000 in 2020. This disconnect, he argues, exists because of rising mining costs, which have made the business less attractive in recent years.

However, with gold now accelerating past those previous price ceilings, the economics of mining are changing. The price of gold is beginning to rise faster than the cost of extracting it, which could lead to a massive revaluation of these companies. Ultimately, Schiff’s message is clear.

Gold has already broken new ground, but the real opportunities lie in the investments that haven’t fully reacted yet. Whether it’s silver, which remains undervalued compared to gold’s meteoric rise, or mining stocks, which are still pricing in outdated fears about costs and demand, there is still time to take advantage of this shift. For those who felt they missed out on gold’s rally, this is a second chance, one that may not last for long.

If you’ve been watching gold’s historic rise and wondering what’s next, now is the time to take action. Do you agree with Schiff’s analysis? Will silver finally break out? Are gold mining stocks the hidden gems of this rally? Let’s keep the conversation going. Drop your thoughts in the comments below.

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