Kitco News, Released on 11/28/24

Creating a strategic Bitcoin reserve by selling some of the gold US holds would be the “worst monetary mistake,” says Peter Schiff, Chief Market Strategist at Euro Pacific Asset Management. Schiff speaks to Jeremy Szafron, Kitco News anchor, on the sidelines of the New Orleans Investment Conference. He gives his outlook on the U.S. economy for 2025, weighing in on whether Trump’s Department of Government Efficiency could be effective in getting America out of its debt loop. Schiff also shares his gold forecast and discusses his latest thoughts on Bitcoin.

00:00 Introduction
00:32 Russia-Ukraine Conflict and Its Impact on Gold
02:05 US Debt and Government Spending Concerns
05:09 Gold Market Analysis and Predictions
09:36 Bitcoin vs Gold
14:02 MicroStrategy and Bitcoin Investment Risks

Peter Schiff is an internationally recognized economist specializing in the foreign equity, currency and gold markets. Mr. Schiff made his name as President and Chief Global Strategist of Euro Pacific Capital. He frequently delivers lectures at major economic and investment conferences, and is quoted often in the print media, including the Wall Street Journal, New York Times, Barron’s, BusinessWeek, Time and Fortune. His broadcast credits include regular guest appearances on CNBC, Fox Business, CNN, MSNBC, and Fox News Channel, as well as hosting his own weekly radio show, Wall Street Unspun. He’s also the author of the bestselling books: Crash Proof 2.0, The Little Book of Bull Moves in Bear Markets:, and The Real Crash: America’s Coming Bankruptcy – How to Save Yourself and Your Country.

  bitcoin, Bitcoin Strategic Reserve, debt, economy, gold, us dollar