VRIC Media · Nov 7, 2026 · 45m · 36m saved
With Peter Schiff, CEO of Euro Pacific Asset Management
Photo: Gage Skidmore, CC BY-SA 3.0 via Wikimedia Commons
Gold traded around $3,950 and silver just under $50 when Peter Schiff, CEO of Euro Pacific Asset Management, sat down with VRIC Media on November 3, midterm election day. Both metals had set brief all-time highs earlier in the year, gold near $5,600 and silver near $125, and Peter treats the sell-off as an entry point rather than a warning.
"I think 4,000 gold is pretty much the support... I think $50 silver is a good place to buy. Used to be a good place to sell and now it's a good place to buy." — Peter Schiff
Peter also runs SchiffGold, a dealer in physical gold and silver, so he sells the metals he is recommending, and he says lower prices suit him because he still wants to bring on new customers.
The full interview is covered here so you can skip it. 45 minutes of audio, 9 minutes of reading.
Here are the 13 calls that matter.
Key Takeaways
Peter puts support at $4,000 gold and calls $50 silver a place to buy
Both metals hit brief all-time highs earlier in the year, gold near $5,600 and silver near $125
Peter says the Fed cannot bring inflation back to 2%, which is why it only talks about doing so
A Democratic sweep of Congress reinforces his bearish view of the dollar, because he expects even bigger spending bills
Rising yields raise the deficit, which raises yields again, a loop Peter says can only end in a bond crisis
Copper prices are going a lot higher because no new copper mine has been built in decades, by Peter's account
Peter would sell Treasuries and municipal bonds and buy the dip in metals and mining stocks
1. Buying the Metals Pullback
Peter opened by explaining why he, Rick Rule, Doug Casey and others stayed calm at the New Orleans Investment Conference while gold and silver sold off.
Peter says $4,000 gold and $50 silver are the support zone for buyers
He told Darrell Thomas, who hosts VRIC Media, that he does not expect better prices than these. "I don't think you're going to get prices much better than this," he said. The brief highs earlier in the year, gold near $5,600 and silver near $125, show the market can go back to those levels, and Peter expects it to pass them once investors accept what the Fed cannot do.
