(Uncut) 02-05-2025

Don’t Wait for $3,000 to BUY GOLD!

Just the intro, but I wanted to take some time this evening to talk to ShiftGold customers and prospective customers about gold and why those of you who have been sitting on the fence need to get off the fence and buy some gold. Buy it tonight, buy it tomorrow, but don’t wait for the price to hit $3,000 an ounce. I mean, you can still buy it at $3,000 an ounce.

It’s still gonna be cheap at $3,000 an ounce, but why wait? Gold closed today up another $28 an ounce. It keeps hitting new highs. Today’s close was $2,844, closed right on the high of the day.

Despite the repeated new highs in the price of gold, nobody is talking about it, I mean, other than me. I watched CNBC pretty much all day just waiting for somebody to mention gold and nobody did. Now, maybe somebody mentioned it after I stopped watching, but they didn’t mention gold.

They certainly didn’t mention that it was at a record high. All they mentioned was Bitcoin. They mentioned it repeatedly throughout the day.

They had multiple segments that featured guests that talked about Bitcoin, and they never once acknowledged what was happening in gold. I mean, this is a huge bull market that’s taking place off everybody’s radar. In fact, when it comes to retail investors, not only are they not participating, they’re selling.

The biggest gold ETF is GLD. So far in 2025, and we’re now in February, there hasn’t been a single day where the GLD has had net inflows. That means every single day, investors have sold GLD, and they have withdrawn their money, and GLD has had to sell gold into the market to cover those redemptions.

And it’s not just people that own ETFs that are selling. People who own physical gold, coins and bars, are also selling. Now, at Shift Gold, sales have been rather slow.

What’s helping to support business are redemptions. Customers who bought gold from us in the past, or maybe they bought it from someplace else, are calling up Shift Gold and selling their gold. Now, we’re not encouraging people to do this.

People are just doing this. This is not what happens in a bull market, and it’s not just Shift Gold. I’ve checked around the industry.

This is happening everywhere. In fact, it’s probably happening less at Shift Gold than it is at other gold retailers. This is not what you would expect to see in a bull market.

Normally, people are greedy in bull markets. They’re afraid of missing out on further gains. They throw caution to the wind.

But right now, people are fearful. People are afraid to buy. And I’ve talked to the guys at Shift Gold, and they’ve been telling me that for months and months and months, maybe for over a year, customers have been saying it’s a top.

Ever since gold really got to $2,000—remember, we’re almost at $3,000—but ever since we’ve been at $2,000, people have been afraid to buy. They’ve been conditioned to think that it’s going to sell off. And as it moves higher and higher—and I’ve done multiple promotions, videos like this, all the way up, urging people to stop waiting for a pullback.

There’s not going to be any meaningful pullback. We got one, maybe 6 or 7%. That’s probably the biggest one we’re going to get.

I doubt we’re going to get another one that big for a while after Trump won, and there was a big rally in the dollar, and there was a sell-off in gold. It didn’t even make a full correction of 10%. But the sentiment is so negative that gold stocks went into a full-fledged bear market.

They went down 25%, 30%. That’s how afraid people were. They dumped their gold stocks.

And even though gold’s at a record high in a big bull market, gold stocks are still in a bear market. That’s also unheard of. You have such negative sentiment.

Normally, gold stocks lead the metal because people who are optimistic on gold really want to load up on gold stocks because they’re leveraged to the price of gold. Gold stocks have been moving up, but gold has been dragging gold stocks higher. They haven’t been leading the way.

They’ve been lagging far behind. Again, this is very atypical of a bull market. In fact, were gold stocks closed today, they still need to rise more than 10% from here just to get back to where they were in October last year.

Gold is over 2% higher than its peak in October of last year. So that’s how much ground those stocks have to make up. But the point is that gold stock investors are pessimistic.

They’re not greedy. They’re worried. You need to stop worrying and start buying.

If you’re not going to buy the top, you’re not going to buy. Gold, in my opinion, is going to keep moving up. The dips are going to be short and shallow.

And so there’s no point in waiting for them. You’re far more likely to buy higher than to buy lower. We’re still early, really, in this phase of the bull market.

The last big bull market that we had in gold was from 2001 to 2011. And gold went from a low of about 250 up to a high of 1,900, about an eightfold increase. Well, then we went into a big bear and gold pulled back from 1,900 to 1,050 in 2015.

We’ve been going up ever since. But if this bull market is going to equal the leg in the previous leg, you’re talking about $8,000 gold. That’s eight times 1,000.

Now, I think that gold’s going a lot higher than 8,000. But even if it only went to 8,000, that’s a pretty big move considering we’re still below 3,000. So you don’t want to wait.

You have to resign yourself to the fact that you’re going to buy the high. And if you want to buy more gold, which I would advise over time, you better get used to buying the high, because that’s what you’re going to do. And the longer you wait to buy the high, the higher the high that you’re going to buy.

Now, eventually, you’re going to have a change of heart. The public is going to wake up and start participating. If the public is not buying gold, you may wonder, how is it that the price keeps going up? Somebody’s got to be buying.

In fact, somebody has to offset all of the selling. And that is the institutions or the smart money, the big buyers, and the central banks. Foreign central banks are buying up gold.

They want to get rid of their dollars. They want to divest and move out of the dollar. And so the best alternative to the dollar is gold.

And that’s what they’re buying. But it’s now, it’s not just the central banks. I’ve noticed that there was a big increase in delivery notices, first at the London Metal Exchange, and now on the COMEX.

And what that means is that people who own gold futures contracts are letting the counterparty, the short, know that they want delivery of their gold. They’re going to cash settle these contracts. They’re not going to roll them over.

They want the actual gold behind the futures contracts. Now, these are not small investors because a minimum, you’ve got a hundred ounce bar. So these are big investors who are intending to take delivery of their gold.

They don’t want to gamble with it anymore. They actually want the physical metal. Now, this could be the beginning of a major short squeeze in gold as they have to replenish those stocks and they may run out of gold.

And it may be impossible for some of the shorts to deliver. And now they have to go into the market to buy the gold that they sold that they never had. So we can start to see some real fireworks in the price of gold.

I think it may begin when the price of gold is above 3,000, which is why I’m saying, don’t wait for 3,000, buy it now, buy it before it gets to 3,000. Now, one of the gifts that we have, because the central banks are the primary buyers and now, you know, bigger investors, we have a near record low when it comes to premiums on coins, small denomination coins, because the central banks aren’t buying one ounce gold coins. They’re buying huge bars.

And the same thing with these, you know, the big investors, the small investors are selling their gold coins. And so there’s now a glut of them because a lot of them are on the market. So the premiums are as low as I’ve ever seen them, which again is extremely unique.

I’ve never seen this in all the years that we’ve had shift gold because normally when gold is made a new high, and this happened during the pandemic, when gold shot up, everybody was excited. Everybody wanted to buy. We were running out of gold.

People had to wait a long time for delivery. The premiums really shot up because everybody wanted to buy. Well, now everybody is selling.

So the premiums are very low. So it’s a great time. Even though the price of gold itself has gone up, the premiums have gone down.

So that you catch a break. Now that’s not going to last. You know, when the public wakes up from this slumber and realizes what’s going on in the gold market, they’re going to stop buying, right? The fence sitters are going to take the plunge and you’re going to see a big increase in demand for coins and the premiums are going to soar.

But before they do, you can buy them now. Now shift gold has a special on one ounce American gold eagles that are backdated. And that’s no different than really buying the 2025 mint.

We’re selling them at $99 over spot. That is a great price. I suggest you take advantage of it right now.

As soon as I’m done talking here and, and, and buy some of these coins before the price of gold goes way up. And then the premiums on the coin also go way up. Now, if you want to do one better, buy some silver.

Now silver was up big today too, but it’s only $32 in change. In fact, closed at $32 and 12 cents. As I’ve been saying, 30 is the floor.

$30 silver is like $2,000 gold. I’ve been saying that, you know, for the past year now gold is almost 3000. So 2000 is in the distant rear view mirror.

Soon $30 for silver will look just as far back. So 32, you’re getting in about as close to the bottom as you’re going to get. And the reason that gold’s making new record highs and silver isn’t is because silver is the poor man’s gold.

The central banks aren’t buying silver. It’s too bulky. They can’t store it.

The big, the big buyers, they don’t want silver. They need gold. And because the little guy is selling silver is still cheap.

Silver hasn’t even gotten back to $50, which was the high that it hit not only in 2011, but 1980. I mean, you’re still below 1980 prices when it comes to silver. So if you don’t like buying the high, buy silver because it’s nowhere near the high, but pretty soon silver is going to be at 50 and then it’s going to be a lot higher than 50.

So before that happens, buy it now. We still have, or we’re reinstituting the special that we have on junk silver bags, which is US half dollars, quarters, dimes that were minted, you know, before 1965 when we still had honest coins and there was silver in there. But again, the premiums on these bags are very low because the demand is not there.

The public is still selling. So you can get a great buy, not only because silver is still cheap, but the premiums are cheap. So you can go to Shift Gold and get some silver, get these silver bags.

They’re great for barter. If it ever comes down to that, you know, we get price controls, we get a black market. You may need silver dimes and silver quarters to buy food.

So in any event, go to the website, shiftgold.com or call up the guys there. Our toll-free number is 888-GOLD-160 to buy both gold and silver. You know, if you’re among the Peter Schiff fans who are also into crypto Bitcoin, this is a great time to sell some Bitcoin, if not all your Bitcoin and certainly any other crypto crap that you might be holding onto and buy some gold.

You know, while the public has been selling their gold, they’ve been buying Bitcoin. And one of the reasons a lot of Bitcoin was bought since Trump was elected was on the absurd proposition that the U.S. was going to establish a strategic Bitcoin reserve. First of all, there’s nothing strategic about Bitcoin, but we don’t need it in reserve because nobody needs it for anything anyway.

It’s not going to happen. But, you know, Donald Trump, in order to get donations and votes when he was at the Bitcoin conference, I think in Nashville, he mentioned the possibility of a strategic Bitcoin reserve, but he never promised to create one and he never promised to buy any Bitcoin. At most, he promised to hold off on selling the Bitcoin that the U.S. government had already seized, which has been pretty much the policy because the U.S. has been holding onto a lot of Bitcoin over the next last couple of years.

But a lot of people have got excited about the strategic Bitcoin reserve. Is it going to happen? Yes, there is a bill there. Senator Loomis introduced a bill months and months ago to create a strategic Bitcoin reserve.

It doesn’t have a single sponsor. It doesn’t have any sponsor because it doesn’t have any support because that’s a crazy idea and it’s not going to happen. Now, some people think, well, Donald Trump is going to establish it by executive order.

He’s not. If he was going to do it, he would have already done that. Look at all the executive orders he issued.

He didn’t issue anything on a strategic Bitcoin reserve. Now, what he did do, I think, to placate his donors and supporters, he said that they are going to set up a working group to study the feasibility of a crypto reserve. He didn’t even call it a Bitcoin reserve.

He said a crypto reserve, which could mean anything. That’s it. In fact, while CNBC was ignoring another record high in the price of gold, not only did they pump Bitcoin all day, the anchors pumped it, the commercials pumped it, but they had an interview with David Sachs, who is the crypto czar at the White House.

And he gave a press conference today with other members of the committee, working committee on crypto. And several of them, including David Sachs, made their speeches and they had their prepared remarks and not a single one of them mentioned Bitcoin. Bitcoin only came up because a reporter asked a question.

The reporter asked, what about the strategic reserve? And they said, well, we’ve been asked to study the feasibility of such a reserve. And at some point when we have the full committee together, when everybody’s approved, yes, that is on our agenda, we will start studying the idea. That’s the way politicians say it ain’t going to happen.

If you recall, all of the committees that were formed all over the country to study reparations, a lot of African Americans wanted reparations for slavery and a lot of democratic politicians, they wanted their votes. They didn’t want to tell those constituents that they’re not going to get reparations. It’s a crazy idea.

And so what they did is they set up a commission to study the possibility of reparations, which, of course, they knew were absurd and they were never going to happen, but they didn’t want to tell the voters that. So they made up a committee. That’s how they got out of it.

Oh, yes, I’m in favor of it. So we’re setting up a committee to study it. Well, that is exactly what Trump has done with Bitcoin.

And in fact, when David Sachs came on today on CNBC and he was on this show, Closing Bell, and they hyped them like every single commercial right before the commercial up next, David Sachs, he’s going to talk about the Bitcoin strategic reserve up next. David Sachs, right. They knew, right.

That’s what their audience wants to hear about the Bitcoin strategic reserve, knowing that he didn’t talk about it at the press conference. He was only asked about it by a reporter. And then, you know, he didn’t say anything, but they kept teasing Bitcoin reserve, Bitcoin strategic reserve.

And so they asked him about it when he finally came on about 45 minutes into the hour program, right. Up next, up next, right. They want it.

They’re teasing you so you keep watching. But they asked him about it and he said, look, all I’m going to say about that is that we’ve been asked to study the feasibility of it. We’re not committed to doing anything at this moment.

We’re just going to study it. Well, if Trump wanted to do it, he’d do it, right. Trump doesn’t need a committee to study things.

He makes decisions. And if he had decided to have a strategic reserve of Bitcoin, he wouldn’t have to have a group of people studying the feasibility, right. He’s just doing that because he doesn’t want to come out and disappoint the people that donated a lot of money to his campaign or voted for him.

Now, um, Trump is a believer in crypto and I do believe that they want to get some regulations around crypto, but the main thing they talked about and the main thing they’re interested in are stable coins. They don’t care about Bitcoin. They want stable coins.

Why does the U.S. government want to promote stable coins? Because they buy U.S. treasuries. That’s why. So the U.S. government is only interested in crypto because they think it can help them finance the deficits.

The deficits are exploding. The foreign governments that were our big lenders and big buyers don’t want to buy anymore. The Social Security Trust Fund is now selling treasuries because it’s running at a deficit.

So they need new buyers. And I think the U.S. institutions that were buying treasuries, I don’t think they really want them anymore. They thought there would be a big rally in treasuries when the Fed started to cut.

Instead, treasuries got killed. So they need new buyers for treasuries. And that’s why they like stable coin.

And that’s also why they don’t like Bitcoin. They like stable coins because they increase the demand for dollars. Bitcoin, in theory, is marketed to compete with dollars.

There is no way the U.S. government is going to want to encourage anybody to use something that competes with the dollar. They don’t want people buying Bitcoin. They want people buying U.S. treasuries.

And if they buy it through stable coins, so much the better. So that’s what they’re doing. This is all a bunch of nonsense.

But meanwhile, Bitcoin spiked up from 50,000, 60,000 to over 100,000, maybe 110,000 on all of this hype regarding a strategic Bitcoin reserve. I think that as more people resign themselves to the fact that it ain’t going to happen, they’re going to try to keep hope alive. And I think a lot of the people who donated to Trump’s campaign, they’re already cashing out their Bitcoin.

They’re already getting paid back on their investment. They’re not waiting to find out if there’s going to be a strategic reserve. They’re selling the rumor.

Well, that’s what I would suggest everybody else do now. You’re still near 100,000. I mean, Bitcoin is 97,500 as I’m recording this message.

So if you have Bitcoin or any of these other coins, although Bitcoin is the only one that will work at Shift Gold, and I get a lot of flack from that. People say, hey, why do you say Bitcoin has no value? You accept Bitcoin in payment at Shift Gold. We don’t accept Bitcoin, but we work with a company that does.

BitPay. So if you’ve got Bitcoin in a wallet right now and you own Fool’s Gold and you want to cash it in for the real thing, we make it very easy with this BitPay partnership. So what happens is you go to our website, you pick out the gold that you want.

You can either talk to one of our representatives or you can go now. We have a shopping cart. You can see the products, the gold and silver.

And when you go to check out, you can pay with Bitcoin through BitPay. And what they will do is BitPay will buy your Bitcoin from you. And then they will take the dollars and send the dollars because they’ll sell the Bitcoin, right? They take your Bitcoin, they sell them, they get dollars, and then they take those dollars and send them to Shift Gold.

And we send you the gold or the silver. So Shift Gold never actually sees the Bitcoin. We just get the dollars.

But BitPay makes it seamless for the buyer to convert their Bitcoin to actual gold and silver. So you’ve got a very high price. Even though gold is at a record high, Bitcoin is close enough to a record high.

And in fact, relative to gold, it’s close to a record high in gold terms. So you’re buying gold and silver extremely cheap if you’re paying for them with Bitcoin. And I think it may not be coincidental that it’s gold that crashes the Bitcoin 100,000 party.

I think you may see gold really breaking out as Bitcoin is breaking down. And that, I think, might help fuel the rally in gold. Because I think one of the reasons that gold has not been on anybody’s radar is because it’s taken a backseat to Bitcoin, at least in the retail public.

Not for the central banks. They don’t care about Bitcoin. They’re buying gold.

And I think the smarter big money. But the public who just chases fads, they’ve been distracted. And the media and Wall Street have really been pushing Bitcoin because now they have all these ETFs.

And they make a bunch of money on custodying Bitcoin and even Ethereum, which, by the way, is already collapsing. I don’t know if you’ve noticed where Ethereum is. But in fact, on Sunday night, Ethereum was down 33% in a matter of an hour.

I mean, Bitcoin was down too, but nothing like the flash class we saw in Ethereum, which Solana is eating its lunch. But all these coins, I think, are going down. They’re not even really coins.

They’re figments of people’s imaginations. They’re strings of numbers that don’t accomplish anything. But in the meantime, I think they’ve distracted people’s attention from gold.

And I think one of the reasons they’ve been able to pump fool’s gold is because real gold hasn’t done much in comparison. But as that changes, as Bitcoin is falling and gold is rising, I think that’s going to bring gold back to the attention of a lot of people who should have been buying it, but were instead buying Bitcoin. Now, some of you have gotten lucky because you’re better off with Bitcoin because you can sell it now and buy your gold.

But most people won’t sell. They’re going to go down with the ship. And even though they had paper profits, they’re going to end up with real losses.

And so not only will they miss out on a big gold bull market, but they’re going to end up losing a lot of money in a crypto bear market because they let all of their paper profits turn into real losses. So anyway, whether you’ve got Bitcoin or whether you’ve got dollars, you want to convert them, cash them in, go to Shift Gold. Now you can see the website above my shoulder.

Again, it’s 888-GOLD-160. That is the number to call to talk to the representatives. They’re there now.

And these guys, you know, they’ll be there in the evening. They’ll be there tomorrow. Some people might not hear this message live so they can act on it tomorrow.

But again, you want to take advantage of the special that we have on a predated one ounce U.S. Gold Eagles, $99 over spot. That is a great price for those coins. It’s amazing that you could buy them that cheap with gold at a record high and junk silver, a full bag, or you could buy a partial bag.

It’s $1.95 over spot. These are 90% silver coins minted by the U.S. Mint before 1965. That’s it for now.

Don’t forget to keep listening to the Peter Schiff Show podcast. There will be another podcast coming up later in the week, so make sure not to miss it. Bye for now.