Workflow
Loss of confidence in the system
icon
Search documents
Gold Surges Past $4,600: That's Not A Win, Peter Schiff Says - SPDR Gold Shares (ARCA:GLD), iShares Silver Trust (ARCA:SLV)
Benzinga· 2026-01-12 15:46
Gold didn't just break out — it jumped the guardrails. Blasting past $4,600, the move looks less like a trader's dream and more like the market quietly taping a warning label onto the global economy. That's the read from Peter Schiff, who argues this rally isn't about inflation jitters or technical momentum. It's about something more uncomfortable: a growing loss of confidence in the system holding everything else together.This Isn't A Hedge Rally — It's A Confidence OneIn normal cycles, gold, as tracked by ...