The Prime Minister has launched the Svanidhi Credit Card and the new Amrit Bharat Express train in Kerala. These initiatives will provide interest-free loans to street vendors and improve connectivity with neighboring states. PM Modi Svanidhi Credit Card: PM Modi announced major development
Filmmaker Lokesh Kanagaraj has opened up about the censorship hurdles surrounding his Rajinikanth-starrer Coolie, revealing why he ultimately chose to release the film with an ‘A' certificate despite the commercial risks involved. Speaking at a press interaction on January 26
Apple is preparing a busy first half of the year for its Mac lineup, with multiple new machines and displays expected to launch, according to Bloomberg's Mark Gurman. Wave of new Macs expected soonIn the latest edition of his Power On newsletter
Karnataka's Congress and BJP are clashing over an alleged Rs 400 crore robbery of demonetised Rs 2,000 notes near the Karnataka-Maharashtra border. Minister Priyank Kharge questioned the role of BJP-ruled states, while the opposition accused Congress of using Karnataka as a funding source
Against global uncertainty and a calibrated fiscal consolidation path towards a deficit of about 4.4 per cent of GDP, Budget 2026 is being read as a signal of India's medium-term economic intent, according to Grant Thornton Bharat's ‘Pre Budget Survey 2026'
“Most people are clueless”: Schiff warns of shock as gold, silver hit new highs
“Most people are clueless”: Peter Schiff warns of an economic crisis as Gold, Silver hit record highs
Gold, Silver hit record highs: As gold and silver smash through record levels, economist and gold advocate Peter Schiff has issued one of his strongest warnings yet, arguing that the surge in precious metals is not a sign of prosperity but a signal of deep economic stress building beneath the surface.
In a series of posts on X, Schiff highlighted that gold has jumped more than $100 to trade above $5,085 per ounce, while silver has climbed over $5 to trade beyond $108.25 per ounce, with both metals setting fresh all-time highs. According to Schiff, the move reflects far more than commodity momentum or speculative demand.
“Most people are clueless about what this means and are in for quite a shock,” Schiff wrote, adding that those who understand macroeconomic signals have long expected “the economic crisis that's about to hit.”
Gold, silver and the warning hidden in prices
Schiff pushed back against claims that the US economy remains exceptionally strong, directly challenging optimistic political narratives. Responding to remarks by former US President Donald Trump, Schiff argued that financial markets are painting a very different picture.“Trump may think the U.S. has the hottest economy in the world, but financial markets prove it's the coldest,” Schiff said, pointing to gold trading above $5,020, silver crossing $104.65, and the US dollar weakening sharply against other fiat currencies.
One of Schiff's most striking observations centred on the US dollar's performance against the Swiss franc — traditionally viewed as one of the world's strongest safe-haven currencies. He noted that the dollar has fallen to a record low against the franc, underscoring what he sees as a loss of confidence in US monetary stability.
In a separate post, Schiff said the Dollar Index is breaking down and trading at its weakest level since October. With the dollar sitting within half a percent of a new record low against the Swiss franc, he warned that renewed currency weakness would intensify rallies in precious metals and commodities, while putting downward pressure on bonds.
For Schiff, these moves are interconnected. A falling dollar, rising gold and silver prices, and declining bond prices collectively point to what he believes is a brewing crisis tied to inflation, excessive debt and monetary mismanagement. He has long argued that central banks' reliance on money creation eventually erodes purchasing power, a process he believes markets are now reflecting in real time.
Gold, Silver prices today
Gold prices continued their blistering run on Monday, pushing decisively past the $5,100 mark as investors and central banks doubled down on safe-haven assets amid rising geopolitical tensions and policy uncertainty in the United States. The rally underscored how precious metals have become a preferred hedge against market volatility triggered by trade risks, currency swings and shifting monetary expectations.Spot gold climbed over 2% to trade near $5,092 an ounce after touching a fresh all-time high above $5,110 earlier in the session. US gold futures for February delivery moved in tandem, reflecting strong global participation in the rally.
The rally has not been limited to gold alone. Spot silver briefly surged above $110 an ounce, extending its sharp gains after crossing the $100 mark for the first time last week.
Who is Peter Schiff?
Peter Schiff is a well-known American economist, fund manager and long-time critic of central banking and fiat currencies. He is the founder of Euro Pacific Asset Management and a vocal advocate of gold and precious metals as protection against inflation and monetary instability. Schiff rose to prominence for warning about the US housing bubble and the 2008 financial crisis well before it unfolded, a record that continues to shape his credibility among supporters.Over the years, Schiff has consistently argued that rising debt, persistent deficits and aggressive monetary expansion weaken currencies and distort markets. While his views are often controversial, his commentary is closely followed during periods of financial stress — particularly when gold, silver and currencies send strong, and sometimes uncomfortable, signals about the global economy.
Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. We advise investors to check with certified experts before making any investment decisions.
Source: LiveMint
Related Posts: People who come off slimming jabs regain weight four times faster than dieters Federal immigration officers shoot and wound 2 people in Portland People are more angry and determined now Assam’s nowhere people The viral Chinese app for young people living alone X to stop Grok AI from undressing images of real people after backlash India strengthened democracy through people-centric policies "Pakistan PM said I saved at least 10 million people" People gave me Constitution a shield to protect people's rights
Motorola Signature Vs Samsung S25 Ultra Price In India: The Motorola Signature and Samsung Galaxy S25 Ultra compete in India's flagship segment, with Motorola offering a sleek design, 165Hz AMOLED display, triple 50MP cameras, and fast 90W charging, while Samsung focuses on a 200MP camera
Just now
Gold, Silver hit record highs: As gold and silver smash through record levels, economist and gold advocate Peter Schiff has issued one of his strongest warnings yet, arguing that the surge in precious metals is not a sign of prosperity but a signal of deep economic stress building beneath the
Just now
American rock climber Alex Honnold, who has grabbed eyeballs for climbing one of the world's tallest skyscrapers in Taiwan without protective gear, has revealed that he was paid an "embarrassing" amount for undertaking the risky feat. In an interview with the New York Post
Just now
New Delhi: At India's Republic Day 2026 parade in the national capital, where celebrations met a patriotic spirit, with tradition walking hand-in-hand, fashion also emerged as a quiet yet powerful form of diplomacy. Among the chief guests in attendance
Just now
A Forest Department employee interrupted Maharashtra minister Girish Mahajan's Republic Day speech in Nashik. She questioned the omission of Dr B R Ambedkar's name. The minister apologized, calling it an unintentional oversight. Police briefly detained the employee
Just now
Intel shares dove more than 10 percent Thursday despite the struggling US chip maker doing better than expected in the recently ended quarter, as its revenue forecast disappointed investors. Intel reported a loss of $600 million on revenue of $13.7 billion in the final three months of last year
Just now
Myanmar's dominant pro-military party has won junta-run elections, a party source told AFP on Monday (January 26, 2026), after a month-long vote that democracy watchdogs dismissed as a rebranding of army rule. "We won a majority already," a senior official from the Union Solidarity and Development
Just now
A cosmetic doctor who faced a backlash over a video picking apart pop star Troye Sivan's appearance says he "feels terrible" for upsetting the singer - but will continue to post. London-based Dr Zayn Khalid Majeed posted a two-minute clip drawing attention to the 30-year-old's "problem" areas
Just now
A slice of apple pie smothered in melted cheddar cheese turned out to be better motivation than a Grand Slam title defence. Jessica Pegula knocked out defending Australian Open champion — and close friend — Madison Keys with a composed 6-3, 6-4 win on Rod Laver Arena on Monday
Just now
The Indian Air Force (IAF) registration for the Agniveer Vayu under the Agnipath Scheme is open. Interested candidates can check the complete details here The Indian Air Force (IAF) has opened the registration process for Agniveer Vayu Intake 01/2027 under the Agnipath Scheme
Just now
Rub the leaf and inhale the fragrance, Michaelus Tracey is saying. The musky scent of this cannabis plant is distinctly different from the citrusy aroma of another that he is also holding. To the untrained eye, the neat rows of flowering cannabis crops in front of us are indistinguishable from each
Just now
A Bangladesh government committee said on Monday it had found "egregious anomalies" in a billion-dollar cross-border electricity supply deal with Indian conglomerate Adani, providing around 10 percent of the country's power. The National Review Committee on Power Purchase Agreements said it had
Just now
One of the major causes of deaths among people all over the world is cancer and it can actually be countered by day-to-day life choices. As illustrated by health organizations, one-third to half of cancer cases are preventable through modification of key risk factors and evidence-based prevention
Just now
On the occasion of the 77th Republic Day celebrations, the Indian Air Force (IAF) on Monday delivered a breathtaking aerial display over Delhi's Kartavya Path. The stunning spectacle featured several distinct formations, including the Arjan, Varuna, Vajraang, Vijay
Just now
Bodoland Lottery Results Today 26 January 2026 Live: The Assam Bodoland Lottery Department will declare its results today at 3 PM. Participants can view their results at bodollotteries.com, the official website, scroll down for more details.Bodoland Lottery Results Today 26 January 2026 Live: The
Just now
Suryakumar Yadav's recent batting resurgence, marked by two fifties in as many matches, has brought immense relief to the Indian team management. After a lean patch, his confident performances, particularly his adaptation to different match situations
Just now
The abandoned airport deal highlights a broader Gulf realignment in South Asia, with the UAE and Saudi Arabia pursuing divergent strategic partnerships. The United Arab Emirates has walked away from its plan to manage Islamabad International Airport
Just now
The deceased has been identified as Munna Kumar (41), a resident of Khatal Gali. With the help of local residents and police, the body was sent to Patna Medical College and Hospital (PMCH) for post-mortem examination. A major road accident took place in Patna after a speeding Scorpio SUV ran over
Just now
On Republic Day 2026, Esha Deol expressed immense pride after her late father, legendary actor Dharmendra, was posthumously conferred with the Padma Vibhushan. Mumbai: Esha Deol expressed pride and joy as her father, the legendary Dharmendra, was honoured with the prestigious Padma Vibhushan
Just now
International Criminal Court judges have ruled former Philippine President Rodrigo Duterte is fit to stand trial for crimes against humanity. The decision follows concerns over his health, with medical experts assessing his ability to participate in proceedings
Just now
During India's Republic Day festivities, leaders from the European Union made their presence known. This attendance signals a robust alliance between India and the EU, reflecting a unified dedication to shared ideals. The engagement is anticipated to enhance collaboration in multiple domains
Just now
Republic Day 2026: The message, posted by the US Embassy in India on X (formerly Twitter), described the two nations as the world's oldest and largest democracies. Earlier, Chinese President Xi Jinping also extended his greetings to President Droupadi Murmu on India's Republic Day
Just now
As India's creative economy matures, its cultural calendar is becoming richer, more layered, and unmistakably global in outlook. Early 2026 sets the tone with a series of festivals and fairs that move beyond spectacle – offering deeper engagement with art, music, food, craft, and community
Just now
Matheus Cunha's match-winning moment at the Emirates may yet come with a costly sting in the tail. The Manchester United forward is facing a possible FA ban after his celebration following the decisive goal in United's dramatic 3-2 Premier League win over Arsenal on Sunday
Just now
Zee 24 Ghanta Binodone Sera 24 nominations spotlight a power-packed lineup of Bengali cinema stars, from Mithun Chakraborty to Prosenjit Chatterjee, across Best Actor and Best Supporting Actor (Male) categories. The much-awaited nominations for Zee 24 Ghanta Binodone Sera 24 have officially been
Just now
BRUSSELS — European Union regulators on Monday opened a formal investigation into Elon Musk's social media platform X after his artificial intelligence chatbot Grok started spewing nonconsensual sexualized deepfake images on the platform
Just now
Sanju Samson's journey in T20I cricket is under the microscope as experts point out his fluctuating performances. They propose that refining his technique and boosting his mental resilience are crucial for improvement. While undoubtedly gifted
Just now
