Kitco News, Released on 4/11/25

Gold is exploding to new record highs as global markets face escalating volatility, a collapsing U.S. dollar, and rising fears that the traditional safe-haven playbook no longer applies. Spot gold has surged past $3,250 an ounce, with mining stocks finally catching a bid. Meanwhile, Treasury yields are spiking despite deteriorating economic data — pointing to a breakdown in the flight-to-safety narrative. In this exclusive interview, Peter Schiff, Chief Market Strategist at Euro Pacific Asset Management, joins Jeremy Szafron, Anchor at Kitco News, to break down the perfect storm hitting the U.S. economy. Schiff explains why America is headed for a deeper crisis than 2008, how global capital is fleeing U.S. assets, and why he believes the gold bull market is just getting started. Schiff also takes on Bitcoin, stagflation, and the collapse of the dollar’s reserve status.

00:00 Introduction and Market Overview
01:00 Interview with Peter Schiff
04:41 Gold Market Analysis and Predictions
12:59 Impact of Tariffs and Stagflation Concerns
17:42 Fed’s Dilemma: Rate Hikes and Market Reactions
18:19 Gold as an Economic Indicator
19:07 Impending Financial Crisis and Global Impact
20:06 US Sovereign Debt and Global Confidence
20:46 Global Economic Liberation from US Dependency
21:32 Long-term Shift to Gold
22:38 Historical Perspective on Gold and the Dollar
25:06 Repatriation of Gold Reserves
26:02 Investment Opportunities Beyond Gold
29:43 Bitcoin vs. Gold
31:10 Future Economic Outlook: Stagflation and Beyond
33:07 Conclusion

Peter Schiff is an internationally recognized economist specializing in the foreign equity, currency and gold markets. Peter is the CEO and Chief Economist of Euro Pacific Asset Management and Chairman of Schiff Gold. He’s also the author of the bestselling books: Crash Proof 2.0, The Little Book of Bull Moves in Bear Markets:, and The Real Crash: America’s Coming Bankruptcy – How to Save Yourself and Your Country.

  economic collapse, gold, market crash