Peter Schiff Says Gold’s Brutal Selloff Indicative of Major Upcoming Crunch

Peter Schiff reacted to a sharp precious-metals selloff on Oct. 30, noting gold fell nearly $150 and silver dropped more than $3. He argued the move signals a short-term liquidity problem that could spread to broader markets as soon as next week, and framed the drop as a buying opportunity. The commentary is an opinion from a longtime gold advocate rather than a crypto-specific development, so it carries little direct signal for digital-asset traders beyond general risk sentiment.