In this conversation, Peter Schiff and I talk the current state of the U.S. economy, the stock market, the dollar and precious metals. We discuss:

The recent surge in gold prices and whether it will hit $3,000 by the end of the year or potentially $6,000 next year.
Both Schiff and I express concerns about the U.S. economy being "broke," the potential shift toward socialism, and rampant inflation driven by Modern Monetary Theory.
Peter Schiff compares today’s gold bull market to the 1970s, emphasizing that this is the beginning of a new bull market, unlike 1979 when the market peaked.
Schiff argues that while interest rates in 1979 ended the gold bull market, the current trend of rate cuts will continue to fuel gold's rise, highlighting the Fed's inability to combat inflation effectively.
The conversation touches on the inflation-adjusted gold price, suggesting that gold remains undervalued when adjusted for true inflation, which CPI doesn't accurately reflect.
The strange phenomenon of retail investors selling gold during one of its best-performing years is highlighted, attributing this to a lack of confidence and distraction by Bitcoin.
The role of Bitcoin as a distraction from gold investments is discussed, with Schiff noting that Bitcoin has underperformed relative to gold and criticizing Bitcoin as “fool’s gold.”
Schiff predicts a significant fall in the value of the U.S. dollar, exacerbated by trade deficits and foreign central banks' increasing preference for gold over U.S. dollars.
Schiff forecasts a looming crisis in the bond market, where rising long-term yields will signal a loss of confidence in U.S. credit quality, further driving gold’s rise.
The mainstream financial media's neglect of gold’s rise is criticized, with both agreeing that gold’s significance as a monetary metal is being ignored, especially compared to the attention given to stocks and Bitcoin.

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Quoth the Raven #347 - Peter Schiff: Gold To $26,000? 58:57 Share

Quoth the Raven

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Quoth the Raven #347 - Peter Schiff: Gold To $26,000?