Stocks “Up,” Americans Poorer: Inflation Is the Affordability Crisis

CEO of Euro Pacific Capital
February 9, 2026

Peter Schiff breaks down why “Dow 50,000” is headline theater. In real terms, the Dow is only about 10 ounces of gold, down from more than 40 ounces in 1999—a roughly 75% bear market measured in real money. Schiff explains how inflation creates a false sense of wealth, why the affordability crisis is fundamentally a dollar problem, and why both parties have enabled it through deficit spending and Fed monetization. He also covers the week’s sharp crypto rebound as a classic bear-market “slope of hope” rally, Strategy’s volatility, forced selling and margin dynamics that likely hit silver, and why mining stocks can make new highs before gold and silver do. Finally, he argues tokenized gold is the real “digital gold” thesis—not Bitcoin—and why stablecoins and tokenization are setting the stage for gold as both store of value and medium of exchange.

Schiffgold.com

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Peter Schiff

Peter Schiff, CEO of Euro Pacific Capital and author of the The Real Crash: America's Coming Bankruptcy.

Best Selling author Peter Schiff is the CEO and Chief Global Strategist of Euro Pacific Capital. His podcasts are available on The Peter Schiff Channel on Youtube.

Goldschläger and Goldwasser are liqueurs containing pure gold flakes.
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