{"podcast":{"title":"SchiffGold Friday Gold Wrap Podcast","slug":"schiffgold-friday-gold-wrap-podcast-975964","podcast_index_feed_id":975964,"rss_url":"https://feeds.soundcloud.com/users/soundcloud:users:329691432/sounds.rss","website_url":"https://schiffgold.com/","image_url":"https://i1.sndcdn.com/avatars-2KeGWIDh6krR1yht-KK1y6Q-original.jpg","author":"SchiffGold","episode_count":371,"summary":"The SchiffGold Friday Gold Wrap podcast combines …","last_synced_at":null,"page_url":"https://stenobird.com/podcast/schiffgold-friday-gold-wrap-podcast-975964"},"episode":{"title":"Real Rates Are Collapsing and Nobody Sees It - Gold's Biggest Setup Ever","slug":"real-rates-are-collapsing-and-nobody-sees-it-gold-s-biggest-setup-ever","published_at":"2026-05-16T16:27:18+00:00","page_url":"https://stenobird.com/podcast/schiffgold-friday-gold-wrap-podcast-975964/real-rates-are-collapsing-and-nobody-sees-it-gold-s-biggest-setup-ever","show_page_url":"https://stenobird.com/podcast/schiffgold-friday-gold-wrap-podcast-975964","url":"https://soundcloud.com/user-566069106/real-rates-are-collapsing-and","audio_url":"http://www.podtrac.com/pts/redirect.mp3/feeds.soundcloud.com/stream/2321843822-user-566069106-real-rates-are-collapsing-and.mp3","summary":"PPI hit 6%, yields hit 19-year highs, and gold dropped 4%. Traders are selling on the most bullish data gold has ever seen. Gold fell 4% and silver dropped 10.5% on the week despite the most bullish inflation data in years. Peter Schiff explains why traders have it exactly backwards: April PPI surged 1.4% month-over-month — nearly the entire 2% annual target in a single month — pushing producer prices to 6% year-over-year. Core PPI tripled expectations at 1.0%, annualizing to 12.5%. Import prices jumped 1.9% on the month, proving Americans are paying every cent of the tariffs, while export prices exploded 3.3%, signaling internal US inflation pressure across the board. The 30-year Treasury yield closed at 5.12%, a 19-year high, while the 10-year hit 4.59%. Algorithms are selling gold because they see rising yields as bearish — but Schiff argues they're completely missing that real interest rates are collapsing because inflation is rising faster than nominal rates. The Fed's easing bias in the face of 6% PPI is itself a form of monetary easing. Oil closed at $105 with no end to the Iran war in sight, Bitcoin is down 12.5% year-to-date, and the AI/crypto bubble is one bond market shock away from popping. Schiff's call: back up the truck on gold, silver, and mining stocks while traders are giving them away.","meta_description":"PPI hit 6%, yields hit 19-year highs, and gold dropped 4%. Traders are selling on the most bullish data gold has ever seen. Gold fell 4% and silver droppe…","key_points":[],"chapters":[],"topics":[],"duration_seconds":2117,"processing_state":"not_requested","actions":[{"name":"request_transcript","method":"POST","url":"https://stenobird.com/v1/public/podcasts/schiffgold-friday-gold-wrap-podcast-975964/episodes/real-rates-are-collapsing-and-nobody-sees-it-gold-s-biggest-setup-ever/transcription-requests","description":"Idempotently request low-priority transcript generation for this episode."},{"name":"read_markdown","method":"GET","url":"https://stenobird.com/podcast/schiffgold-friday-gold-wrap-podcast-975964/real-rates-are-collapsing-and-nobody-sees-it-gold-s-biggest-setup-ever.md","description":"Read the agent-friendly Markdown representation of this episode resource."}]}}