Gold & Silver Got Too Cheap... I'm Buying Hand Over Fist | Peter Grandich
Liberty and Finance Jun 27, 2026
Summary
Peter Grandich says he is fully invested in gold, silver, and mining shares again, calling the correction an attractive accumulation point.
Gold-miner bullish sentiment hit zero while central bank buying and rising debt stay intact, so he bets against the pessimism.
He warns fading market leaders, an unwinding yen carry trade, and peaking passive-fund flows are classic preconditions for a long stock-market decline.
Gold bought near $1,300 served as insurance that delivered crisis liquidity, he says, while revaluation talk without a Fort Knox audit is hopeful thinking.
Long-term investors should weigh modest downside against multi-year upside toward $10,000 gold and ignore forecasters who perpetually tout higher prices.
Peter Grandich's takeaways
- Top takeaway As of the late-June 2026 interview, the guest says he closed his stock-market shorts for a small gain and went "all in" on gold, silver and mining shares, adding his remaining position as gold fell into the $3,900-$4,000 area.
- He argues the correction was healthy after a roughly 250% run, and with gold-miner bullish sentiment at zero and the two main drivers intact (strong central-bank buying and rising debt levels), gold and silver are again attractive to accumulate aggressively.
- He concedes $3,500 gold is possible but says the risk/reward still favors buying, holding to his view that gold makes substantial new highs and that $10,000 is a distinct possibility over multiple years.
- On stocks he expects a drawn-out decline of 20-25% and up to 50% over two to four years rather than a 1987-style one-day crash, naming a flip of passive-fund inflows (about 60% of the market) to outflows as the pin that pops the bubble.
- He calls the rumor of a July 4 gold-revaluation or gold-backed-bonds announcement mostly hopeful thinking, notes the Fort Knox audit talk quietly faded, and says continued BRICS and China gold accumulation is the bigger story.
Elijah K. Johnson's takeaways
- Top takeaway The host relays the Judy Shelton idea that the US should lead gold-accumulating countries by backing bonds with gold on the nation's 250th anniversary, and asks the guest how a July 4 announcement would affect the gold market.
- He contrasts the super-bullish late-January calls for silver in the hundreds of dollars with today's bearish sentiment, and asks whether long-term buyers should hold back cash for lower prices.