Peter Schiff Warns Of Imminent Dollar Crisis As Gold Prices Surge: ‘We’re Looking At $20,000 Gold’ At Minimum
On a recent episode of Kerry Lutz’s Financial Survival Network, Peter Schiff highlighted the potential for an impending dollar crisis. Schiff emphasized that the rising gold prices are a signal of systemic dollar weakness.
Financial Reform Delays Have Worsened The Situation
Schiff explained during the interview that years of delaying financial reforms have worsened the situation, making a significant rise in gold prices likely. He suggested that gold could reach $20,000 due to excessive money printing, indicating a looming financial crisis.
“At a minimum now, probably we’re looking at $20,000 gold because of all of the money that has been printed and all the money that’s going to be printed, which is why people have to look at what’s happening and protect themselves,” Schiff said.
Fed’s Policy Poses Risks To Savers
According to Schiff, central bankers have historically used gold as a measure …
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