Newmont is earning $11/share at 10x PE with 132% growth — half the S&P's multiple. Wall Street is asleep at the wheel.

This episode is sponsored by Outskill. Bonuses worth $5100+ if you join and attend. Grab your free seat to the 2-Day AI Mastermind: https://link.outskill.com/PETERSCHIFFAP4

This episode is also sponsored by ExpressVPN. Get an extra 4 months free. http://expressvpn.com/Gold

Newmont Mining just posted 132% earnings growth with five-to-one margins and a stock trading at 10x earnings — half the S&P multiple — and Wall Street barely noticed. Peter Schiff breaks down why gold miners are the most undervalued sector in the market and why he's been accumulating positions in companies like Newmont, Franco-Nevada, and Wheaton for over 20 years without selling a share.

The episode also covers Trump's Iran war pivoting from threatened annihilation to an economic blockade that's keeping oil above $94, the DOJ dropping its criminal investigation into Jerome Powell's Fed building remodel as an olive branch to clear the way for Kevin Warsh, Schiff's own six-year experience with leaked government investigations that were never officially closed, Michael Saylor's Strategy preferred stock as a self-described Ponzi scheme the SEC refuses to touch, and a new cottage industry of mass tort lawyers helping businesses claim tariff refunds — proof that Americans, not foreigners, paid every cent of those tariffs.

Chapters:

00:00 Cold Open Montage

00:57 Show Intro Puerto Rico

01:28 War Drags On Markets Shrug

04:27 Blockade Strait Oil Spike

08:18 Election Pressure Inflation Risks

13:22 Commercial AI Mastermind Ad

15:54 Post Office Hikes Inflation

16:41 Powell Probe Fed Incentives

22:31 Schiff Investigation Story

30:00 Commercial ExpressVPN Pitch

31:37 Gold Friday Market Wrap

34:35 Newmont Earnings Surge

36:52 Gold Miner Margins Explained

38:20 Buybacks and M&A Signals

39:27 West Red Lake Pullback

40:19 Buying Bad News Strategy

42:38 Position Sizing and Risk

45:04 Gold Fund and Active Picks

46:40 Bitcoin Yield Ponzi Rant

53:18 Tariff Refund Fallout

56:50 Debt Deficits and War

01:02:01 Wrap Up and Subscribe

Follow @peterschiff

X: https://twitter.com/peterschiff

Instagram: https://instagram.com/peterschiff

TikTok: https://tiktok.com/@peterschiffofficial

Facebook: https://facebook.com/peterschiff

Free Reports & Market Updates: https://www.europac.com

Book Store: https://schiffradio.com/books

Sign up for Peter's most valuable insights at https://schiffsovereign.com

Schiff Gold News: https://www.schiffgold.com/news

#PeterSchiffShow #GoldMiners #NewmontMining

Warsh won't say Trump lost in 2020, won't name one policy he disagrees with, and can't explain what 1% rates would do. This is our next Fed Chair.

This episode is sponsored by InvestingPRO. Get 55% off + an EXTRA 15% off with my code PETERSCHIFF at checkout! Sign up: https://www.investing-referral.com/peterschiff/

This episode is also sponsored by Outskill. Bonuses worth $5100+ if you join and attend. Grab your free seat to the 2-Day AI Mastermind: https://link.outskill.com/PETERSCHIFFAP4

Donald Trump's Fed Chair nominee Kevin Warsh spent two hours dodging every meaningful question in his Senate confirmation hearing, and Peter Schiff watched the whole thing so you didn't have to. Warsh refused to say whether Trump lost the 2020 election, wouldn't name a single Trump policy he disagreed with, and couldn't answer the obvious question of what 1% interest rates would do to consumer prices — even though he'd already admitted inflation comes from government spending and money printing.

Before breaking down the hearing, Schiff delivers a history of the Federal Reserve that most economics PhDs have never learned: why the Fed was created as a private bank to issue superior banknotes backed by 40% gold, how the original act prohibited the Fed from owning treasuries, and how World War I opened the door to everything wrong with monetary policy today. He also takes aim at MicroStrategy's Strategy preferred stock as a textbook Ponzi scheme — Saylor can only pay the 11.5% yield by selling new shares, and the fine print lets him stop paying whenever he wants.

Chapters:

00:00 Cold Open and Intro

00:57 Warsh Nomination Stakes

02:34 InvestingPro Sponsor Demo

07:32 Why Fed History Matters

08:08 Before the Fed Era

11:12 Fed Independence and Constitution

14:00 Superior Banknotes Explained

17:40 Outskill Sponsor Break

21:47 Elastic Money Supply Myth

25:49 War Finance and Treasuries

32:16 Hearing Reactions Begin

33:05 Trump Spending And Inflation

34:02 Warren Attacks And Rate Cuts

35:17 Warsh Denies Being Puppet

36:34 Fed Praise And Wealth

38:16 Price Stability Redefined

41:15 Dodging Trump Questions

43:45 One Percent Rates And QE

46:06 Inflation Tax And Deficits

47:00 Fed Chair And The Dollar

49:54 No CBDC Crypto Pandering

50:46 MicroStrategy Ponzi Rant

54:20 Lawyer Evasions And Politics

57:34 Warsh Verdict And Gold Pitch

01:02:11 Final Wrap And Signoff

Follow @peterschiff

X: https://twitter.com/peterschiff

Instagram: https://instagram.com/peterschiff

TikTok: https://tiktok.com/@peterschiffofficial

Facebook: https://facebook.com/peterschiff

Free Reports & Market Updates: https://www.europac.com

Book Store: https://schiffradio.com/books

Sign up for Peter's most valuable insights at https://schiffsovereign.com

Schiff Gold News: https://www.schiffgold.com/news

#PeterSchiffShow #FedChair #KevinWarsh

Hank Paulson warns of a "vicious" debt crisis — but his only plan is to brace for it, not prevent it. That tells you everything.

This episode is sponsored by HIMS. Visit https://hims.com/gold to get a personalized, affordable plan that gets you

This episode is also sponsored by NetSuite. Download Netsuite’s free business guide, Demystifying AI, at https://netsuite.com/gold

Former Treasury Secretary Hank Paulson is warning about a "vicious" sovereign debt crisis and urging a break-the-glass emergency plan — but Peter Schiff points out that Paulson himself architected the bailouts and QE policies that made this crisis inevitable, and his only advice now is to prepare for the crash rather than prevent it.

Markets hit record highs this week with the Nasdaq up 7% on ceasefire optimism and oil dropping to $83, but Schiff warns the rally is built on the false premise that peace means rate cuts. The Fed's balance sheet has quietly grown over $200 billion in 2026 while M2 money supply expands at 5% year-over-year. Meanwhile, NYC Mayor Manda proposes city-owned grocery stores and taxes on non-resident condos — policies Schiff dismantles as the kind of anti-capitalist thinking that drives wealth creators to places like Panama, which is rolling out the welcome mat for every entrepreneur New York chases away.

Chapters:

00:00 Show Cold Open

00:57 Live From Puerto Rico

01:59 War Headlines Fuel Rally

04:12 Bitcoin Gold Silver Check

07:07 Fed Policy And Real Rates

08:54 Producer Prices Reality Check

11:09 Paulson Warns Debt Crisis

19:09 Panama Versus New York Taxes

22:21 How Wealth Gets Created

25:42 Fair Share And Job Creation

30:03 Wealth Creation Backlash

31:52 City Owned Grocery Plan

34:11 Profit Motive And Prices

39:18 Subsidies And Market Damage

43:25 Farm Subsidies And USSR

45:36 Taxing Nonresident Condos

51:06 Why Profit Builds Cities

51:59 Property Tax Critique

59:44 Closing Markets And Gold

Follow @peterschiff

X: https://twitter.com/peterschiff

Instagram: https://instagram.com/peterschiff

TikTok: https://tiktok.com/@peterschiffofficial

Facebook: https://facebook.com/peterschiff

Free Reports & Market Updates: https://www.europac.com

Book Store: https://schiffradio.com/books

Sign up for Peter's most valuable insights at https://schiffsovereign.com

Schiff Gold News: https://www.schiffgold.com/news

#PeterSchiffShow #DebtCrisis #GoldInvesting