Asks about gold rally and investor positioning
Sam Bardis
Peter Schiff
Few investors have gold allocation; central bank buying driving gold from $2,000 to $4,000; trend will broaden and accelerate
Peter Schiff
US will default or inflate; deficits $2-3 trillion/year and rising; no deficit reduction appetite
Peter Schiff
Silver headed to $100/oz by next year; gold much higher; silver will outshine gold as bull market accelerates
Peter Schiff
MicroStrategy will go bankrupt; business model unsustainable without ability to raise capital
Peter Schiff
Bitcoin distribution from strong to weak hands; all good news baked in; needs government bailout to reach $150,000
Peter Schiff
In crypto bubble and AI bubble; AI bubble bigger than crypto, crypto bigger than dotcom
Peter Schiff
Big shakeout coming in AI stocks; can't finance current investment rate
Peter Schiff
Market decline coming; propped up by Fed rate cuts and liquidity; bottom when Fed returns to QE
Peter Schiff
Gold rising because US economy not in good shape; canary in coal mine
Peter Schiff
Fed causing inflation but won't stop it; needs higher rates, faster balance sheet reduction
Peter Schiff
Inflation not transitory; dollar drop relative to other currencies will dramatically increase import costs
Peter Schiff
Tariff investment promises mostly fantasy; manufacturing recession continuing despite tariffs
Peter Schiff
Financial system will fail again like 2008; banking system worse shape; too much leverage throughout economy
Peter Schiff
Long-term rates rising despite Fed cuts; yield curve steepening; eventual explosion in Treasury market
Peter Schiff
Dollar's reserve currency status ending; gold replacing dollar, not other fiat currencies