Peter Schiff, chief economist at Euro Pacific Asset Management, posted on X today, Saturday, November 14, 2026, that gold below $4,000 is an opportunity for investors. Schiff critically observed market reactions to monetary policy, stating, "Gold jumped 5% after the Democrats’ landslide. Then it fell more than 6% because the Fed talked about a 50 basis point hike. One 25 basis point hike in six months and traders still believe the talk. Inflation won. Gold below $4,000 is a gift."
Schiff's comments come as wholesale inflation recently hit 6.5%, driving increased bets on Federal Reserve rate hikes. Earlier Gokhshtein coverage reported that Schiff himself had called for aggressive rate hikes following October's Producer Price Index data. The Kobeissi Letter has also reported broadening inflationary pressures across the US economy, while a Fed official suggested AI is not the current driver of inflation but poses future risks.
Schiff's view implies that the market is underestimating persistent inflation and overreacting to the Fed's rhetoric, suggesting that gold's current price does not reflect its true value as an inflation hedge. Investors might interpret his statement as a signal to consider accumulating gold, anticipating that inflation will continue to erode purchasing power despite the Fed's efforts, ultimately driving gold prices higher. His position contrasts with the market's apparent belief in the Fed's ability to control inflation with modest rate adjustments.
