Peter Schiff, chief economist at Euro Pacific Asset Management, posted on X on Wednesday, November 11, 2026, advising investors to acquire gold. Schiff argued that despite gold's recent decline, driven by expectations of a Federal Reserve interest rate hike, the move would be insufficient to curb inflation. He declared, "Gold is down $50, back below $4,000 based on the belief the Fed may hike interest rates by 50 basis points. By the time it does inflation will have increased by over 200 basis points and will be headed much higher. The rate hikes are a non-event. Buy gold."
Schiff's comments come as the broader market shows mixed signals. Bitcoin's price is $74,648, up 1.0% in the last 24 hours, while the Crypto Fear & Greed Index sits at 29, indicating 'Fear'. Recent Gokhshtein Media coverage noted Bitcoin liquidity draining $14.2 billion as institutions accumulate the asset below $76,000, and banks adding hundreds of millions to Bitcoin ETF holdings in Q3 filings, suggesting institutional interest in digital assets despite market apprehension.
Schiff’s view implies that traditional monetary policy tools, such as interest rate adjustments, are losing their efficacy against persistent inflationary pressures. He suggests that the Fed's anticipated 50 basis point hike will be overshadowed by a much larger increase in inflation, rendering the rate hike a "non-event" for the broader economy and reinforcing gold's role as a hedge. Investors might monitor upcoming inflation reports and Fed statements for further signals on interest rate policy and its potential impact on precious metals.
