Deathblow Coming for the Dollar, People Will Run to Gold:

Peter Schiff lays out the endgame scenario for reserve currency status of the U.S. dollar, along with the reasons why a return to a gold standard is inevitable. Recorded 3/29/2023 on ‪@CommodityCulture‬
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#dollar #economy #inflation

[@Nernst96]

First SVB, then signature bank and now first republic bank, these are all the signs of yet another 2008 market crash 2.0 , so my question is do I still save in the United States dollar or is this a good time to buy gold?

[@mcintyre1]

It’s always a good option to keep some gold. Well with the current market situation and everything at stake with the present economy, I’d say you’re better off staying away from stocks fr awhile or better still reach out to an adviser for guidance.

[@trane85]

Working with a Financial Advisor to help guide you on your wealth-building journey is the best approach right now, I think it's brilliant to use a brokerage advisor for investing. Prior to speaking with an advisor in the heat of the 2008 financial crisis, I was actually experiencing terrifying nightmares. In summary, with the assistance of my advisor, I have grown my initial $120k investment to over $750k.

[@trane85]

My advisor is Catherine Morrison Evans , a renowned figure in her line of work. I recommend researching her credentials further

[@datdude5962]

Keep up the great work Peter! Never grow weary in telling the truth!

[@Sky1]

I remember October last year gold was at 1600 and Peter said, this train is leaving the station.

[@petergeddesrensen6567]

Good! Let's get gold and real money back. So tired of ponzi schemes.

[@malkiha]

Peter I been attempting to contact Europac gold for 3 weeks with no call back.... kick your guys butt!

[@NowTrendingNow]

Thankful that you found me and chose to be part of my community. Thank you!

[@mcginnnavraj4201]

“There’s more and more of a concern that incoming data is revealing that the Fed might be a little bit behind the curve than maybe they expected heading into this year,” said Bipan Rai, North America head of FX strategy at CIBC Capital Markets in Toronto. In my portfolio, I'm noticing more red than green. How are other people in this market raking in over $350k gains within months

[@trazzpalmer3199]

You might follow a lot of intriguing stocks in many industries. I'll advise you to work with a financial advisor who can assist you decide when is the best to buy and sell the shares or ETFs you want to acquire since you don't have to act on every forecast.

[@graceocean8323]

@@trazzpalmer3199 Yes I concur, I've been talking to an advisor for long now, mostly because I lack the knowledge and energy to deal with these ongoing market circumstances. I made more than $220K during this slump, demonstrating that there are more aspects of the market than the average individual is aware of. Having an investing counselor is now the best line of action, especially for those who are close to retiring.

[@zoeytank2921]

@@graceocean8323 we’re only just an information away from amassing wealth, I know a lot of folks that made fortunes from the Dotcom crash as well as the 08’ crash and I’ve been looking into similar opportunities in this present market, could this coach that guides you help?

[@graceocean8323]

@@zoeytank2921 My Financial Advisor is MARIA JULIANA RAMIREZ. I found her on a CNBC interview where she was featured and reached out to her afterwards. She has since provide entry and exit points on the securities I focus on. You can run a quick online research with her name if you care for supervision. I basically follow her market moves and haven’t regretted doing so.

[@hannahdonald9071]

I'm literally holding onto straws right now, so your tip couldn't have come at a better moment! I plan to call her after doing a quick internet search for her.

[@professork5634]

It's not just gold...will be silver, crypto, etc

[@FerrisMcLauren]

true

[@imhopelesslyaddictedtofent4266]

All of these crash in value just like everything else when there’s a depression, we need to stack up cash now and spend it on gold silver and bitcoin after the stock market crashes, not before.

[@James-mw7zv]

Any commodity incl oil

[@hansh6911]

The aim was to make gold and silver useles s for trade around the world and its still the on the agenda for the future. A gold standard should be usual business in nature, but in reality the future looks like this: restrictions in gold and silver trade and only digital money allowed around the world.

[@jimtroupes1797]

Great Insights !

[@saeculum2738]

My National Australia bank advised they put my savings interest rate up to 16%! I’ve never gotten interest above 8% - you think there’s already a run on banks world wide hmm...I think so. Still not convincing me to convert gold and silver back into the bank. Keep stacking PMs forever.

[@raymondraymond4168]

16 or 1.6?

[@drip369]

Don't worry, we all know Peter's voice out of any crowd

[@matttate920]

Thanks Pete! Never heard of Commodity Culture!

[@fordc1874]

Peter thank you for your service.

[@razor94]

Loved hearing Peters journey into the business 👊👊

[@unaldurmaz250]

Yes guys listen to Peter, he knows the best. Do as he says you'd be rich !!!

[@eddym5532]

The more they change the same they stay. It never fails. Dollar or not dollar, working people will work the same to survive.

[@Cokie907]

Dumbest comment I've read. If you're working "just to survive", then I feel sorry for you. I'd say more but I don't think someone with such a defeatist attitude would really listen. 🙄

[@fahadm8446]

Thanks peter

[@davebellamy4867]

The Subaru advert I got at the start had a tune like Peter's intro music but with a whoopy synth!😂😅🤣

[@normancampion6437]

Death Experience coming to the US.

[@AGhostInTheMachine]

had no idea Peter was at Berkeley same time as me

[@anandagarwal7237]

Great analysis

[@freddyTemplier]

Thanks for the vid. I have just a vid on a 1/2 oz gold mintage 359 only. Monnaie de Paris mint

[@stlouisix3]

Peter Schiff🎉🎉🎉

[@dolphingirl12885]

I am expecting high inflation, not hyper but elevated above normal for extended time.

[@donnysingh6389]

Does Euro Pacific offer any ETFs or CEFs ?

[@rogerburn5132]

I See That There. Is More demand for Peter on different. Programs That There is. Demand for Gold. Peter is. THE BEST. 👍👍👍

[@DegreesOfThree]

Any minute now folks 😂

[@Zoli4119]

Low income folks are listening. They don't own assets and are affected the most by inflation.

[@samiullahk7223]

Another 10 years

[@lincolnmicrophonellc]

Good interview, the camera trigger didn't bother me one bit.

[@BIgBass255]

Gold retains it's value over time. It's proven that already. One of the reason's it does ,is due to the fact it's real. If you like to speculate, or buy some items on the Black Market, then Bitcoin is great.

[@kapliger]

Sorry, but that's nonsense. Nobody uses Bitcoin to illegally buy stuff, it's not anonymous as a currency. People use Monero for that. I suggest doing some research.

[@creepycrespi8180]

Thank You Joe Biden for this rosy economic outlook. You deserve every one of those 81 million votes.

[@skullguy165]

Yes I'm curious how is this working out for his voters?

[@therealhawkeyeii7888]

I could swear I watched this a couple of weeks ago.

[@usercos187]

when the 'shit hits the fan' like mid march 2020, gold price also dumped...

[@jimscherer8072]

Interesting to hear Peter promoting Australian currency

[@garrettcole2251]

I have a question for the chat, how will jobs be changed after the Dedollar period this year?

[@ludwigvonmiseswasright4380]

Long complex supply chains will fsil, becsuse they require planning, and contracts, which can only be done with stable money.... so you will be lovong in a world trying to produce everything locally. It would be good if you knew how to fix broken things, or grow food locally. You can listen to stories from Starpath Academy growing up in hyperinflation Romania 1990's

[@garrettcole2251]

@@ludwigvonmiseswasright4380 I'm in California, the minimal wage is $15, but the federal is $9. I ask to take a pay cut so I can get some work, but many companies are reluctant.

[@ludwigvonmiseswasright4380]

@@garrettcole2251 i dont know what industry you work on, but with health insurance, benefits, risk insurance (getting sued), working under the table can pay just as well as "official" work. Fix and sell stuff on Facebook marketplace, and ebay. Be a handyman to your neighbors, live-in 24 hour care for the elderly if you are single? Buy a "no start" car from an auction, fix it, and sell a runing vehicle. Surely you have some talent? Caring for the sick, fixing broken things, creating for-sale listings? Maybr your local church will accept dontations, and instead of stuff going into the landfill, you can run a re-sale a few days a week. Creat your own job in this way?

[@bencarson3579]

Cheers Gordon ryan for showing me more of these investors

[@b4ph0m3tdk9]

What a scoop to get the OG on!

[@billsmith9711]

if the Saudis accept Kenyan shillings for oil, then I guess they hope to spend those shillings on something in Kenya. My guess is they will buy most of the land used for farming and ranching and starve the local folks out of existence.

[@Tony-ft4jp]

You mean like america has done all over the world

[@martinellis7156]

Business as usual for the human race then..

[@philfortner1805]

They'll sell oil for Bitcoin or gold. But only a moron uses gold because just imagine a $50 million oil deal in gold. It requires tons of gold, huge security, insurance, and assay of every oz. You lose 7% of every transaction to those costs. See why Bitcoin wins? No plane, no security detail, no assay, no chance of theft...and it's completed in 5 minutes rather than 2 weeks. Gold is the dinosaur and Sambucks are the fraud.

[@freddyTemplier]

I have just a vid on a 1/2 oz gold mintage 359 only. Monnaie de Paris mint

[@DarlyaFaroeste]

They learnt from their best friends, the USA. How you mean? 😅

[@tomateeee33]

Inflation in first necessity assets and deflation on secondary items. Amazing

[@davidlanham99]

Hey, Peter, when will the COMEX or JP Morgan or WHOEVER is controlling the price of gold lose their ability to keep the price artificially low, and who will suddenly start setting the new price?

[@Chris-wf2lr]

Fractional reserve banking should be abolished. Then on a gold standard money would rise in value stored under the mattress. Fractional reserve banking was for the bankers to make more money. That was is only reason for it existing. I was taught in economics that fractional reserve banking was a big advantage but it just creates inflation and booms and busts. Yeah they can lend more money to businesses but its inflationary and not worth the busts

[@rstora01]

In order for commerce to exist there needs to be a buyer and a seller. The Americans (buyer) purchase the stuff the world (seller) produces. Were that system to break down then both buyer and seller would be affected. If the US goes down then economies around the would collapse too.

[@thelatearthurmorgan6158]

It's true the world economy would take a hit but I think they would find buyers in due time even if they have to lower their prices a bit. Schiff had a debate on this topic. Try searching for who wins an economic/cold war China or US.

[@Wallstrcrash2012]

China as the infrastructure to recover and the political consolidation as there is only one party. Most of the world's population exists on their side of the world. They won't have trouble finding buyers and making stuff to sell, unlike we in the west who have to experience a sudden reduction in living standards and wages to compete. Not to mention the political turmoil that comes with it

[@philfortner1805]

Wrong, because the manufacturing economy has a real thing that we print fake things to obtain. What changes is value will come from value produced, not a magic money printer. That means only useful services and products manufactured in the United States. Value reorders and remakes the US economy. The other word for that transformation, sovereign debt collapse.

[@freddyTemplier]

I have just a vid on a 1/2 oz gold mintage 359 only. Monnaie de Paris mint

[@simontrades_]

The interviewer is very good in his questions.

[@rodpetrie1088]

The Master !!

[@ismardidic3505]

Peter 😂❤❤

[@marcelandrey9579]

i have a question : 1. my government has bussiness but have high debt too..should they disband it?..to decrease government expense or they keep it and TRY TO PAY the debt (government bussiness debt) by producing itself than taking TAX to people with high (if government disband it all)

[@rogerburn5132]

PETER. SHIFF IS THE BEST 👍👍👍👍👍 EVRY TIME BIG THANKS PETER 👍👍👍

[@andreiradu1945]

I think this crisis will become only gradually worse in a way that will not frel like a sudden blow

[@Zoli4119]

Since 2019 both gold and silver nearly doubled. I picked 2019 because of the repo crisis. The repo crisis was a bank in need of liquidity and other banks wouldn't lend to them. Covid lockdowns potential WW3 bank failures felt sudden to me.

[@Mike-dd8bd]

If we had a sudden death of the dollar you would be better off owning guns at that point.

[@skullguy165]

Heh you will feel the blow $10.00 loaf a bread $10.00 gallon of gas hyper inflation coming shortly

[@fayremead]

In other words, we'll be frogs in a pot.

[@888ssss]

the gold and silver physical stocks would sell out within the hour, with lines around the block like a bank run, once the cat is out of the bag.

[@Peter-rw1wt]

Invest in Monetary Metals. They pay interest in gold on gold bonds and leases

[@mokshavortice]

Better to move to the dollar alternative instead of commodities. They only problem now is figuring out which one is going to be the leader but the Yuan seem to be the contender.

[@dxasset]

I think things will fragment instead

[@dxasset]

Mercantilism is coming

[@Bumlife2Bomblife]

Vegas in the building

[@sadddge2067]

What happens to gold price when brics kick the dollar and take that place? When dollar dies gold must be backing the brics currency . So gold prices will go down?

[@WA_S_S_AW]

And where are they going to use that gold and what currency will they be converting their gold into?

[@georgeorwell3501]

We don’t know. That is an issue but what else is “safe”?

[@WA_S_S_AW]

@@georgeorwell3501 It’s gotta be something that stands alone from the dollar. After 1/6 no one wants to hold the debt of a politically unstable nation. And it’s gotta be something that is scalable. We very well be looking at a transition as a society where a persons value is not determined by the amount of wealth they have accumulated. Think about it. The economy or really any socioeconomic system is still only a reflection of the real flesh and blood people it represents. If the economy crashes and the currency the people use becomes worthless the people still exist. The people came first and the economy then developed around them.

[@Bevo78]

It will be digital by linking gold to blockchain technology.

[@Mike-dd8bd]

I think the idea is that you would use convert your gold into another stable currency. But gold won`t save your standard of living.

[@HerrschmannNachmann]

gold and bitcoins and stuff are honey pots to bind the money that else would create inflation in the "real economy"...

[@FerrisMcLauren]

As usual I agree with the problem and disagree with the solution.

[@jasonharris5442]

such helpful information and insights again, thanks, Peter 😊

[@robitmash]

I would be interested in seeing comments on Australia Reserve Bank being removed of its control over interest rates. I'm highly suspicious that this will actually be a good situation for Australians and is some underhanded play by international interests

[@scubaduba151]

Federal reserves are the issue. Central banks as a whole need to be dismantled and never return. The people create their own money interest free.

[@osmbsmy.706]

so many ads.

[@thebestofallworlds187]

9:30

[@michaelraymond2298]

What does everyone think current inflation number is definitely not 5 or 6 % . I’m guessing 18%?

[@The123455021]

Publix pharmacy not so much. And Angi is really bad. They put anyone on their list.

[@michaelashe5265]

He's been saying this forever

[@GringoAzteco]

Gold is feasible as a store of value only up to a point; for the average investor it can function as a preservation of net worth (as opposed to the average person who may have zero or even negative net worth). For example, say an investor has $1 million they wish to convert to gold, $1 million @ $2000/oz AU = 500 x 1 oz coins. This is an amount that can fit in a shoebox and can be stored in the residence or some other secure location. However, consider someone with $10 billion net worth who wants to convert just 10% of their cash/assets/wealth to gold ($10 billion x 0.1 = $1 billion). So now, doing the math on that: $1 billion @ $2000/oz AU = 500,000 x 1 oz coins. This is not a realistic amount to keep at a residence, even if converted to bullion bars (400 oz per bar, thus it total 1,250 bullion bars). Keeping this at the residence would be equivalent to placing a billboard with a giant bullseye 🎯 on it right outside the house. No one with any sanity would invite that type of risk, so it must then be kept in a bank vault. As the saying goes, however, “ If you don’t hold it, you don’t own it. “

[@lamentate07]

Agree. If only the average investor had 1 million to allocate to gold though!😁 Anything beyond 3-5% of your portfolio is probably risky and not worth it. Perhaps a higher allocation could be made in times of crisis depending on your risk appetite and level of fear. i.e. 8-10%. For most people, gold is just a porfolio diversifier and a form of insurance. And if your net worth is too low, it isn't worth bothering with at all.

[@tomateeee33]

Australia Canada have too much debt, and both a housing bubble problem. New Zeland is a food producer and has low DEBT

[@ubermenschen3636]

@11:28, When the USD is a liability, don’t put all your savings into gold. Gold is not as liquid as fiat currency. As the USD loses its monopoly as the world’s reserve currency, other currencies suppressed by the USD will gain strength and rebound. Some foreign currencies worth buying as investment: RMB, Canadian Loonie, Euro, Yen.

[@Ali-Muscle]

I only have one measly ounce of gold 😬

[@jimhouston1527]

Most people can't afford gold. It's overpriced compared to silver.

[@tomateeee33]

One thing that I dont understand if the rest of the world will benefit with more supply that will be deflationary for those countries, so less production, so less income...

[@johnbracken7032]

Is Jesse related to Adrian?

[@themark462]

Says the guy who is trying to sell you gold… hmm…

[@joeysocks5718]

Gary Gensler talking about regulating bitcoin. Get out of it and buy a real asset like gold or silver.

[@LoloLolo-nv1wg]

gold coins is cool and personnel.

[@dersturmerofjewery6038]

Peter my favorite j

[@silvias550]

Ok.This guy is underrated. Such a smart person, too bad not many people want to educate themselves. Unfortunately, I think the depression (recession) will be very painful, for a long period of time, Governments will continue to "print" more Fiat money, than CBDC, we will not have any money backed by gold. BRICS countries will dobthe same with their money, except they have also big reserves of gold, which will be more advantageous for them, as gold is real, can be used not only to trade butbin real economic industry. So , ya, Western life standards will be very low, as Peter says.

[@lisasheridan5482]

*How many ads do you want? I don't mind a few but the amount you have is verging on greedy.*

[@davidh5691]

💀💀💀💀💀💀💀💀💀💀💀💀💀💀

[@BibleSamurai]

how can the dollar die if it grows on trees. literally. interest rates is the dial used for controlling purchasing power. unless we talking Zimbabwe-type hyper inflation.

[@brianwyde3829]

DEATH BLOW - “when someone tries to blow💥 you up - not because of who you are - but because of different reasons altogether” - (Seinfeld reference)

[@alexk9771]

People would already be running to gold if they weren't running to Bitcoin instead

[@dxasset]

I disagree if the governments make it impossible for the companies to operate or the places have no power or internet

[@Bevo78]

That might be the main purpose of bitcoin, since it has no other use, really. It will never be able to scale, at least not without losing all the qualities that make it desirable, so it won’t ever replace the dollar. It’s only use is diverting people away from gold and silver.

[@bbustin1747]

Sure enough they ran to Bitcoin up to 65k and then ran gain to below 20k. And then thought again they ran to it to 30k. Now when does it stop running either way again ? time will tell. But that price action is a major tell !

[@usercos187]

​@@Bevo78simply not true. just look at bitcoin cash or monero...

[@imhopelesslyaddictedtofent4266]

@@bbustin1747 I think its gonna go up to 40k its been finding support at 30k, lots more people are buying it now

[@dannypowers4995]

A lot of banks made loans that were ARMs. Banks knew that interest rates could not stay at zero forever. Personal loans are almost always a Line of Credit that moves up or down with rates just like ARMs. Corporations lock in their loan rates . Those loans will cause banks to lose money as the rates go up.

[@jc4evur661]

Gold IS NOT always a good hedge against inflation

[@billpickford1988]

Why do you think bitcoin is sitting at $28,000 a year before the halving

[@Jahzwolf1955]

I don’t buy it. As long as we are a major exporter of Oil, our dollar is safe

[@stephenbrown6041]

“Double digit inflation but the first digit may not be a one.”

[@dersturmerofjewery6038]

We already having inflation in organic meat use to be 5$ 15$

[@MarkisWillis]

Death of cash, and rise in gold, eh? Just like last month, and the month before that, and the month before that. Just like what you said last year, the year before that, and so on and so forth. I guess you'll just keep saying it until it comes true, or get tired of being wrong.

[@armandoreyes2750]

You can't turn paper money into gold. Is there enough gold to go around??? Is there enough chickens on this planet for every single person on this planet to own two to three chickens.

[@armandoreyes2750]

@@lepton31415 enough gold for every single person on the planet??? No WAY!!! The only way most people will survive is barter or trade.

[@armandoreyes2750]

@@lepton31415 HONESTLY, what do you will happen. You think it's going to be spread out evenly. Those with power or who have the most gold will just end up taking it away from the little guys. Governments will still want taxes paid.

[@hubertdyka3467]

And here goes the broken record again…

[@DexterHaven]

Why hasn't any Republican in Congress had the nerve to invite Peter to grill the Fed Chair in Congress yet? What are you waiting for? Peter: "What is the definition of a dollar, Mr. Powell?"

[@silvias550]

They only invite puppets to the Government. But Government is taking notes from Peter and other to take measures against them and to prevént people accumulating resources that may not be controlled by the Government

[@overlordisgoogle8431]

And silver!

[@BIgBass255]

Peter, How does the theft of 15 million dollars worth of Gold yesterday, do to the price. Who would be your #1 suspect?.

[@fayremead]

8:58: ". . . because of government." The problem with that is, governments of the western democracies are "of, by, and for the people." People eligible to vote, whether they cast ballots or not, are collectively responsible for this mess and must share the consequences -- with their children.

[@Jay_in_Japan]

Mr. Schiff may have a point, but you should take anything he says about gold vs. the dollar with _some_ skepticism, as he has a financial interest in gold, so he stands to profit by creating the perception that you need to buy it (and to utilize his services no doubt). Not hatin'- I'm a fan afterall and I agree with his analysis- but it needs to be said. Feel free to disagree but don't bother commenting, I ain't gon read it and you'll just waste your own valuable time. Spend it learning more about investing instead!

[@michaelacton6246]

What is Peter going to say when the dxy breaks back out. Nothing goes straight down. Perfect time to reverse with everyone thinking the dollar is dying. Lol

[@HerrschmannNachmann]

"Gold works" ... yes, sure... but your OKRs should be in the context of pikes and pitchforks then ...

[@GeeWEF]

Would it be fair to say Jerome Powell, Janet Yellin, Congress, Bank-sters, and the Biden Administration should be included in the Blow-up?

[@thewanger]

Peter i like youtube fer your purty face. lol

[@PassportBrosBusinessClass]

I just need to survive long enough to retire in South East ASIA. 🌏

[@christopherk140]

Retire to my boat that I’m whipping into shape…. Can end up where ever I’m treated good.

[@dxasset]

​@@christopherk140 same idea 💡

[@christopherk140]

@@dxasset where is your boat? What do you need to do to get her sea worthy?

[@SteveXNYC]

Get you guns, not gold. With guns all can be robbed. Crime paids...get smart.

[@PassportBrosBusinessClass]

I got a .50 cal Desert Eagle that ensures I won’t starve when I need food.

[@timgibson3754]

Get Smart Cone of Silence

[@DJSerpent]

what lol

[@georgeorwell3501]

I’m not going to rob anyone. It’s my responsibility to prepare for the fixture rather than stealing from someone that has prepared.

[@imhopelesslyaddictedtofent4266]

@@georgeorwell3501 You’re gonna have to change that mindset if you want to survive the next ten years

[@ericsmith6677]

people will move to crypto. I love gold but the problem is central banks and was street banks keep it suppressed, Gold should be 10 grand an ounce right now but its not.. when the dollar dies they'll bring its the CBDC and still suppress gold

[@HerrschmannNachmann]

CBDC is about the data and the opportunities built upon these data.., ... status of all resources in the system in real-time...

[@imhopelesslyaddictedtofent4266]

That suppression wont work once theres enough demand for it

[@suzannethepatriot8049]

Funny. In 2008 you could get gold for $500 an ounce. After the crash, it skyrocketed to 2,000 an ounce. Hasn’t gone down much since then AND the next crash will make it skyrocket again. The world does not like Bitcoin.

[@skullguy165]

@@suzannethepatriot8049 Yeah people are clueless about what's to come

[@robertcox14]

I don't think I want to pay anyone $2000. for an ounce of anything.

[@bbustin1747]

how about an ounce of advice ? Buy buy buy while it’s cheap

[@rrck6610]

How about $29,000 for a Bitcoin

[@BullsEye3333]

@@rrck6610 $29,000 is a small price to pay for such a large ownership in the most secure, most decentralized, and only form of incorruptible money.

[@imhopelesslyaddictedtofent4266]

@@rrck6610 dont buy it yet btc will easily be less than 20k after this financial crisis