Biggest Bitcoin Skeptic Schiff Shares Bullish $6,000 Gold Price Prediction
Peter Schiff, the loudest voice against Bitcoin since the early days, is suddenly sounding like a man watching his own dream play out as gold rips through levels nobody thought would come this fast. In just one week, the metal went from $4,000 to $4,200, and Schiff is now openly calling for $5,000 by Thanksgiving and $6,000 by Christmas, with silver tagging along north of $75. He dresses it up by telling people to buy one-ounce rounds as stocking stuffers, but the message is not about gifts — it is about what the markets are really saying.I'm just pointing out how fast gold is rising. Most likely there will be some correctoins along the way. But $5K by year end is very likely.Gold futures above $4,200 is not just a chart milestone; it is a 60% gain in 2025, and it makes gold and silver four times stronger than the S&P 500, and that is during one of the S&P’s best bull runs ever. When the safe havens outperform risky assets in the middle of a bull market on those same risky assets, it is not about hedging, but the floor giving way under fiat currencies.Why is gold rallying?The drivers are not hard to list: deficit spending exploding, central banks cutting into stagflation and a record wave of AI capital expenditure that has already turned into an arms race between the U.S. and China.Schiff has always trashed Bitcoin, calling it a bubble and a distraction, but his $6,000 gold target lands right as Bitcoin is fighting to stay above $110,000, and the contrast is obvious — one asset born as a hedge against currency debasement is stalling under volatility, while the other, the so-called relic, is rallying harder than almost anything else on the markets.