Gold Needs To Go ‘Much Higher’ Than $4,000 to Rebuild the System: Peter Schiff

The Jay Martin Show, Released on 5/16/23

Chief Economist at Euro Pacific Asset Management Peter Schiff thinks the days of U.S. dollar dominance are slowly but surely coming to a close, and gold will make a comeback as real money, as history comes full circle. Peter also discusses the debt crisis in America, the implications of dedollarization, and his potential run for the presidency.

00:00 Introduction
00:49 Debt Ceiling Conflict
06:14 Solving the US Debt Crisis
11:26 Threat to Pensions
13:37 US Dollar as Reserve Currency
16:26 Trend of Dedollarization
18:21 Implications of Dedollarization
23:19 Long-Term Outlook on America
25:06 Centralization of Economies
28:01 Will Peter Run For President?
31:35 Peter’s Portfolio

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.

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Gold back down below $2000/oz. Silver below $24/oz. Deja vu all over again,
Groundhog Day for Schiff and Schectman and aging stackers