Saturday, September 6, 2025

Peter Schiff Sees Gold At $6,000 in 2026

  • He forecasts the Dollar Index slipping to ~90 by December and 70 by end-2026 as gold advances to $4,000 this year and $6,000 next year.

Peter Schiff forecast gold at $4,000 by December 2025 and $6,000 in 2026, with the Dollar Index falling toward 90 this year and 70 next year in a recent interview.

“I don’t think I’ve ever been more bullish than I am now,” he said, citing “fundamentals” and “technicals” aligning across gold, silver, and miners.

He argued miners are leading the tape: the VanEck Gold Miners ETF is up 86% year-to-date and the Junior Gold Miners ETF is up 87%, while Newmont has “almost doubled.” Schiff added he expects Newmont to overtake Palantir for top S&P 500 performance by year-end.

Schiff said prior downgrades of Newmont and Barrick at around $32 ignored his view that “$2,000 was the floor” for gold and “$30 was the floor for silver.” Gold is now “almost $3,500,” he said, and silver near $40 remains “cheap.”

“We have quite a ways to go in these miners — maybe at least another 50%, maybe 100%,” he said, arguing a “market multiple” on Newmont would imply a further double if gold keeps advancing.

On the metal itself, Schiff lifted his long-held targets. “Five thousand is not my target for gold now. It’s much, much higher… 10,000, 20,000,” he said, pointing to debt accumulation. Near-term, he reiterated “$4,000 by the end of this year… maybe $6,000 next year.”

He contrasted gold’s new highs with Bitcoin, calling it “anti-gold.” He noted Bitcoin is “13% below its record high,” around $107,000, versus gold near $3,450 — a ratio of (around) 31 ounces, below the (roughly) 36-ounce peak in 2021 — and warned of a break below $75,000 or even $50,000 leading to an “implode.”

On the dollar, Schiff said dollar indez has a “97 handle” now, could be “at 90” by year-end, and “back down to 70” by end-2026, potentially “cracking” the 2008 low over time. He framed the risk as a “sovereign debt” and “currency” crisis that would erode real returns in US stocks and bonds.

However, he was explicit on fixed income: “I couldn’t be more bearish on US bonds,” discouraging ownership of Treasuries, MBS, and corporates.


Information for this story was found via Quoth The Raven and the sources and companies mentioned. The author has no securities or affiliations related to the organizations discussed. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

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