The Crash Is Coming – Here's How I'm Preparing

Peter Schiff argues the market is entering a late-stage selloff, pointing to the 30-year Treasury yield at 5.19% and the 10-year heading toward 5% as evidence that financial conditions are tightening fast. He says rising yields and oil prices are driving equity weakness and calls both supportive for gold and silver, while he is rotating out of U.S. stocks into foreign/emerging markets and precious metals. Schiff frames the move as a shift from a “slow” decline to the more dangerous final phase, implying investors are underestimating downside risk in U.S. assets. The only hard market data cited is the yield backdrop; the rest is a directional macro call rather than a measured trade note. For metals traders, the message is broadly bullish for XAU/XAG if higher yields coincide with equity stress and inflation pressure. The near-term catalyst is whether 10-year yields break decisively above 5% and whether oil continues to firm, both of which would keep the gold/silver hedge bid intact.