Peter Schiff Says Traders Are Selling Gold for the Wrong Reason

Peter Schiff of Euro Pacific Asset Management thinks traders have this backwards. A hotter inflation print is precisely why he owns gold, so selling it on that news makes no sense to him, and he reads the current weakness as an opportunity to buy. His argument rests on a distinction worth understanding: gold doesn't care about nominal rates, it cares about real rates, and inflation is rising faster than the Fed is hiking. He thinks currency traders are making the same error. 📊 tastylive: https://www.tastylive.com/ 📰 Get Tom's pre-market analysis every morning: https://www.tastylive.com/newsletters 📘 FREE Options Strategy Guide: https://tinyurl.com/bp9ms763 📱 Follow tastylive on X: https://x.com/tastyliveshow Chapters 00:00 Peter Schiff joins on a rough day for gold 00:17 Why bonds are falling and yields rising 01:09 A hot print is why he owns it 01:30 Why the market outlook is delusional 02:03 Nominal rates versus real rates 02:10 Why the hikes are too little too late 02:37 What forces the Fed's hand 03:12 He calls the selloff an opportunity 03:33 Is the selling tied to tech 04:22 The mistake currency traders are making #tastylive #peterschiff #gold #silver #inflation #realrates #yields #dollar #preciousmetals #macro tastylive is a real financial network, producing hours of live programming every day. Follow along as our experts navigate the markets, provide actionable trading insights, and teach you how to trade. With over 120 original segments, and over 25 personalities, we'll help you take your trading to the next level, whether you are new to trading or a seasoned veteran. tastylive content is created, produced, and provided solely by tastylive, Inc. ("tastylive") and is for informational and educational purposes only. It is not, nor is it intended to be, trading or investment advice or a recommendation that any security, futures contract, digital asset, other product, transaction, or investment strategy is suitable for any person. Trading securities, futures products, and digital assets involve risk and may result in a loss greater than the original amount invested. Investment information provided may not be appropriate for all investors and is provided without respect to individual investor financial sophistication, financial situation, investing time horizon or risk tolerance. Options, futures, and futures options are not suitable for all investors. Prior to trading securities, options, futures, or futures options, please read all applicable risk disclosures, including, but not limited to, the Characteristics and Risks of Standardized Options Disclosure and the Futures and Exchange Traded Options Risk Disclosure Statement found at https://tastytrade.com/disclosures/. Past performance is not indicative of future results. Performance is not presented net of all commissions, fees, and expenses. Multi-leg option strategies incur higher transaction costs than single leg trades as they involve multiple commission charges. Examples provided are for illustrative, informational, and educational purposes only and are not intended to be reflective of results you can expect to achieve. Supporting documentation for any claims, including claims made on behalf of options programs), comparisons, statistics, or other technical data, if applicable, will be supplied upon request. tastylive, through its content, financial programming or otherwise, does not provide investment or financial advice or make investment recommendations. tastylive is not a licensed financial adviser, registered investment adviser, or a registered broker-dealer.