Peter Schiff: “US and EU will have Argentina-type inflation”

Paul Buitink talks to Peter Schiff, founder of Schiffgold, about the increasing global debt levels. When Paul asks which currency is in the most trouble, Peter responds that's it looking bad for all and especially for the US dollar. It's just because of its world reserve status that on the surface the dollar still doesn't look as bad as the others.
He believes that debt will increase in both the U.S. and the EU, with politicians prioritizing reelection over the economic and public well-being. This unsustainable trajectory, he warns, may lead to Argentina-style inflation, because politicians won't dare to default.
Peter talks about the endgame for the current financial system and the role the dollar and gold will play going forward.
Peter remains skeptical about the value of cryptocurrencies like bitcoin. In his view, a cryptocurrency only has real value when backed by a tangible asset such as gold. Without such backing, he argues, cryptocurrencies lack inherent value.
Peter says you have tot protect yourself with gold and other non-printable assets. The US presidential election results will not change that since both candidates will bring more inflation.
Follow Peter and Paul on X here:
/ peterschiff
/ paulbuitink
Peter's companies:
europac.com/
schiffgold.com/
www.schiffsovereign.com/
schiffradio.com/
Timestamps
0:00 Intro
1:25 Unsustainable currencies
7:52 Investors are clueless
8:50 Eurozone troubles
14:30 Demise of the dollar
24:33 Gold and the endgame
27:35 Bitcoin
30:45 Gold backed stable coins
35:24 Storage and confiscation
39:45 Closing remarks

[@MickyGlover]

Keep your money away from the banks I foresee a recession lasting 2-3 years, and if inflation continues to surge, the Federal Reserve will likely raise interest rates soon. Inflation is causing various issues worldwide, such as food shortages, scarcities of diesel and heating fuel, and significant spikes in housing prices, leading to a potential financial market crash. This global downturn could have long-lasting repercussions. Given the current inflation rate of approximately 9%, my main worry is how to optimize my savings and retirement fund, which has remained stagnant at around $300,000, yielding almost no gains for quite some time.

[@Jamesjerome0]

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[@Vivienedouglass]

I'm sure the idea of an invstment-Adviser might sound controversial to a few, but a new study by Motley-fool found out that demand for Financial-Advisers sky-rocketed by over 42% since the pandemic and based on firsthand encounter I can say for certain their skillsets are topnotch. I've accrued north of 580k within 16-months from an initially stagnant Portf0lio worth 85k.

[@Kaustavpatell]

Inflation is over 10% here in the UK, but as we know it's definitely way more than the Government would like to admit. My plan is to earn more passive income and ride this out, can your Investment-adviser assist?

[@Vivienedouglass]

Well, there are a few out there who know what they are doing. I tried a few in the past years, but I’ve been with 'MICHELE KATHERINE SINGH' for the last five years or so, and her returns have been pretty much amazing.

[@Kaustavpatell]

Thank you! I entered her full name into my browser, and her website came out on top. I filled her form and i hope she gets back to me soon.

[@AddilynTuffin]

is it really worth investing in stocks in 2024, I’ve been on the sidelines watching the market for awhile and it seems to be pretty stagnant to me not that it matters because I’m in it for the long run, but how can one generate actual profit in this current market?

[@ElenaFrankfurter]

It's crucial to have a well-thought-out strategy and not make impulsive moves based on short-term market fluctuations. Patience and a long-term perspective are key. You should consider a market expert to guide you.

[@albacus2400BC]

Partnering with a financial advisor has transformed my approach to investing. Their expertise and personalized guidance have not only helped me navigate complex financial markets but also optimized my portfolio to achieve my long-term goals efficiently.

[@judynewsom1902]

Your advisor seems competent. Could you share how I can reach out to them? I've recently sold some property and am interested in investing in stocks, and I'm seeking guidance.

[@albacus2400BC]

Jennifer Leigh Hickman is the licensed advisor I use. Just search the name. You’d find necessary details to work with to set up an appointment.

[@gregorywhem]

Wow, her track record looks really good from what I found online. I'll take a chance and see how it goes. Thanks for the info

[@biankabrodeur-yf3yl]

I am a 54-year old Burnt-out doctor with $400K in declining investments, planning retirement soon. Seeking best stock strategies for market downturns and hyperinflations

[@roberttheodoregeorge]

At a point like this, when the pressure is already on you to retire, its best recommended you seek the services of an advisor, as this allows you make smarter investing decisions.

[@SageMadsen]

Having an investment advisor is the best way to go about the stock market right now. I was going solo, but it wasn't working. I’ve been in touch with an advisor for a while now, and just last year, I made over 80% capital growth minus dividends.

[@JennaHerberholz]

This is definitely considerable! think you could suggest any professional/advisors I can connect with? I'm in dire need of proper portfolio allocation

[@SageMadsen]

I recommend Melissa Jean Talingdan, the licensed advisor I use. Just search her name to find all the details you need to set up an appointment.

[@JennaHerberholz]

Thank you for the lead. I searched her up, and I have sent her an email. I hope she gets back to me soon.

[@micheal_mills]

I just turned 41 and awfully late to investing with barely any portfolio except my 401k, I have a decent amount of cash saved up and with inflation currently soaring AGAIN, I’m getting worried about retirement, my intention is to retire at 65 atleast, so how best do I maximize my savings of over $500k

[@donna_martins]

Everyone’s been preaching investing lately as a source of passive income but with a 70 hour weekly jobs and limited knowledge of financial instruments, how can I actually stay on top of things, I see every KZbin video saying BUY BUY! But when and how do I sell for profit at the right time?

[@robert-1miller]

is it really worth investing in stocks in 2024, I’ve been on the sidelines watching the market for awhile and it seems to be pretty stagnant to me not that it matters because I’m in it for the long run, but how can one generate actual profit in this current market?

[@ilyaveysman.]

How can I reach this person?

[@robert-1miller]

'vivian jean wilhelm’ maintains an online presence. Just make a simple search for her name online.

[@ilyaveysman.]

I just googled her and I'm really impressed with her credentials; I reached out to her since I need all the assistance I can get. I just scheduled a caII.

[@V.stones]

And let's not forget how the global economy plays into all of this. Economic instability, inflation, and market fluctuations can further complicate matters and add to people's financial worries.

[@V.stones]

With the ever-changing global economy, tax laws and regulations can also vary, impacting how investments are taxed. It's essential to stay informed and adapt your tax planning strategies accordingly.

[@V.stones]

These elites in tandem with the corrupt government will take this country to it's knees like the fall of Rome, My sympathy goes to anyone approaching retirement, you may have reasonable concerns over your pension and if it'll stretch to cover the rising cost of living, bad regulatory policies, bad energy and insane fiscal policies.

[@kaylacapotosto8523]

My condolences to anyone retiring in this crisis, 30 years nonstop just for a crooked system to take all you worked for.

[@camela8445]

No doubt being financially free and not having to worry much about health care and other expenses after retirement cannot be overemphasized, making smart plans and setting up diversified investment portfolios is quite essential.

[@camela8445]

the problem is that you don't have the knowledge needed to succeed in a challenging market. Only highly qualified professionals who had to experience the 2008 financial crisis could hope to earn a high salary in these challenging conditions.

[@84gaynor]

The dollar is literally being destroyed / debased / devalued. The best performing asset in the history of the world is BITCOIN. BITCOIN is by far the best store of value. 10 years from now you’ll be thankful for every dollar you put into BITCOIN.

[@gagnepaingilly]

Regretting missing out on earlier Bitcoin investments, I kept funds in a HYSA. Now, with $200k to invest, I aim to avoid FOMO and buying at the peak. What's the best approach for a newbie to navigate the market?

[@sommersalt88]

well the crypto market is expected to do way better than any other equity sectors this 2024 especially with the SEC crypto ETF approval but it’s a volatile market nevertheless and if you’re new to it, it’s best to reach out to an experienced adviser for proper guidance.

[@blaquopaque]

Yes, my asset manager advised I spread further into mutual funds and crypto Etf and boy am I glad I did. The whole idea is: Don’t get too greedy and also to exit at the right time, so generally I do find having an adviser very helpful, because what Avg. Joe really has time to watch and comprehensively analyse the market.

[@Curbalnk]

could you recommend some good advisers? don’t get me wrong, I already have an asset manager for my 1m portfolio, but he seems not to know much about crypto.

[@blaquopaque]

There are a handful of experts in the field. I've experimented with a few over the past years, but I've stuck with ‘’Jennifer Leigh Hickman” for about five years now, and her performance has been consistently impressive. She’s quite known in her field, look her up.

[@rosihantu1]

We got Weimar Germany kinda degeneracy

[@brent4073]

All Hitler wanted to do was finger paint... then the money printer started..

[@rosihantu1]

@@brent4073 and then a hero comes along, with a strength to carry on .........

[@Hassansalhi440]

@@rosihantu1 In Islam we don’t believe that a human like me and like you is god , Jesus is not god he is a human just like me and you, Allah created prophet jesus

[@Azamat421]

@@Hassansalhi440 i dont believe in fake allah

[@theoptimist7510]

@@Hassansalhi440 haha! Allah is satan.

[@lashesbella263]

No Peter we don't need central banks. We can print our own CURRENCY without interest

[@goldeneggduck]

Zimbabwe has figured this out earlier!

[@saveamericanfreedom2400]

The quicker they spend money the faster we collapse

[@jameswood9772]

Our economy is like a flailing fish, fighting for its life. The normal state of the U.S. economy is actually very bad. Because of this it goes into convulsive spasms fighting to grow any way it can out of desperation. Tricks, gimmicks, rule changes try to stimulate the economy and prevent it from falling but they only bring temporary relief to people since, when you factor in inflation we are declining.

[@alexyoung3126]

People believe their currency has the worth it does because they have no other option. Even in a hyperinflationary environment, individuals must continue to use their hyperinflationary currency since they likely have minimal access to other currencies or gold/silver coins.

[@williamyejun8508]

Inflation is gradually going to become part of us and due to that fact any money you keep in cash or in a low-interest account declines in value each year. Investing is the only way to make your money grow and unless you have an exceptionally high income, investing is the only way most people will ever have enough money to retire.

[@bobbymainz1160]

How can i get started when it comes to investing and passive income?

[@williamyejun8508]

*Rachel Sarah Parrish* maintains an online presence. Just make a simple search for her name online.

[@bobbymainz1160]

She appears to be well-educated and well-read. I just ran a Google search for her name and came across her website; thank you for sharing.

[@samspade894]

Each state should have own currency based on gold and silver!

[@Hassansalhi440]

In Islam we don’t believe that a human like me and like you is god , Jesus is not god he is a human just like me and you, Allah created prophet jesus

[@preciousmetals7114]

Or every citizen should use gold and silver as money regardless ....... 🙂

[@genelarson6849]

​@@preciousmetals7114sure that would work if gold was 40 thousand dollars an ounce there isn't enough gold to service this debt

[@jamesmoran7511]

There isn't enough gold in the planet. It's a crazy premise.

[@TheLockSmith1800]

@@Hassansalhi440WRONG

[@WilsonBrown-ct3bs]

If you are not in the financial market space right now, you are making a huge mistake. I understand that it could be due to ignorance, but if you want to make your money work for you... prevent inflation

[@DonkeyLancaster]

Thanks for continuing updates I'd rather trade the crypto market as it's more profitable. I make a good amount of money per week even though I barely trade myself.

[@WilsonBrown-ct3bs]

A lot of people still make massive profit from the crypto market, all you really need is a relevant information and some ‹professional advice. ‹it's totally inappropriate for investors to hang on while suffering from dip during significant

[@DonkeyLancaster]

You trade also?, I

[@WilsonBrown-ct3bs]

No I don't trade on my own anymore, I always required help and assistance

[@WilsonBrown-ct3bs]

From my personal financial advisor

[@Lewyn298]

As a nurse and part-time real estate agent with $330k saved, I'm keen to invest in the stock market to combat low bank returns and guard against inflation. How can I build a solid portfolio?

[@Dora380]

I believe every Investor should start with ETFs for a solid foundation, then diversify across asset classes and maintain disciplined, regular investing to minimize risks and maximize growth.

[@thelooseseal]

A healthy portfolio has 3 things, at the bare minimum: Exposure to ETFs for increased diversification, Exposure to assets that generate cash flow like dividend stocks, Exposure to market-leading tech.

[@Wendytsang12]

You don't need to find the next NVDA to succeed in investing. Just choose top-notch ETFs and partner with a financial advisor like I did. I turned $100k into $40,000 in annual dividends-a significant milestone for me today.

[@greekbarrios]

I'm scared about retirement as I turn 60 on my next birthday. I need to ensure I have enough money to survive on. How can I consult your advisor? My retirement account isn't performing well.

[@Wendytsang12]

I'm cautious about giving specific recommendations as everyone's situation varies. Consider independent financial advisors like "KRISTIN AMBER LANDIS" I've worked with her for 9 years and highly recommend her. Check if she meets your criteria.

[@Kristenshwan]

Money is not meant to control people rather it is meant to be put to work producing more money for you. You cannot build wealth without putting money in its rightful place.

[@aniniels-hw5iv]

You're correct!! I make a lot of money without relying on the government. Investing in stocks and digital currencies is beneficial at this moment.

[@tryleraaron9244]

Thanks for the advice! I'm new to financial planning and wasn't sure where to start. Any tips on finding a reliable financial adviser or resource to guide beginners?

[@Richardson238]

As a beginner, it's essential for you to have a mentor that is verified by finra and SEC to keep you accountable. I'm guided by a widely known financial consultant Stacey Macken

[@WelseyWalker]

Stacey demonstrates an excellent understanding of market trends, making well informed decisions that leads to consistent profit

[@x0cat711]

I remember giving her my first savings $20000 and she opened a brokerage account for me it turned out to be the best thing that ever happened to me.

[@davidronson8712]

I usually buy meat for my dog, that I cook for him, today the price of meat in Canada doubled , even the cheapest cut, is over $25/kg, I would not buy it because it is trash, the one I usually buy is now $35/kg

[@bingox7730]

It is obvious that investing in assets and companies in BRICS countries will be the only way to avoid the decline of the dollar!

[@grimgrimey]

Yep these two guys are missing this completely or dismiss it.BRICS are close to releasing their currency.whats the bet whatever it is is backed by gold or precious metals😊

[@luislgl2780]

@@grimgrimey That the BRICS guys are about to launch "their currency"..🤔 What currency...🤔 You mean to say that the Chinese are going to sacrifice the "prestige" or value of their currency in the world because they have to leverage the Russian Ruble ..🤔 or vice versa. The same could be said of all the other currencies of the BRICS countries..🤔 Stop dreaming, that doesn't work and won't work. If an economic bloc of countries in the form that the BRICS have proposed does not have a common currency, sacrificing their own currencies, that DOES NOT NOR WILL WORK. The problem is in THE CONVERTIBILITY of the local currency to the common currency. And in the case of the BRICS that would give hegemony to the Chinese...🤔 Now ask Modi for example if he (India) is willing to sacrifice the Indian Rupee for the Chinese Yuan..🤔 In fact since last year when the BRICS summit was held, India ruled out the issue indefinitely. Or if you have certain information about when the BRICS currency will be launched, you can let us know...🤔🤔🤔

[@westcoaststacker569]

@@grimgrimey It will not be redeemable in gold so week one sure 10k yen per ounce, next week 20k yen per ounce. There is not faith that BRICS will manage a currency better than Europe or United States.

[@blumaxx1]

It saddens me to know that people still believe that voting is their ultimate way of telling the powers in charge, we the people selected ( elected) this person to lead our country in the right ,just, and fair direction,,yet here we are in the same sinking boat wondering why things are worse 😢😢

[@mn1801]

More and more people need to vote for the independent candidates rather than blindly sticking to the dual party system.

[@normusdoar]

oligarchs control politics in usa

[@Steph-uz8jd]

*Hallelujah!!!! The daily jesus devotional has been my a huge part of my transformation, God is good 🙌🏻🙌🏻🙌🏻🙌🏻🙌🏻was owning a loan of $47,000 to the bank for my son's brain surgery (David), Now I'm no longer in debt after I invested $12,000 and got my payout of m $270,500 every months,God bless Christy Fiore🇺🇸🇺🇸🇺🇸..*

[@laostguibuycasigjm]

Hi that's good you have idea &share to those who deserve it that's great god bless🙏🙏

[@eugen-pr6lg]

I'm a bit perplexed seeing her been mentioned here also, Didn't know she has been good to so many people this is wonderful, I'm in my fifth trade with her and it has been super.

[@YvesAlexandre-ov2td]

just withdrew my profits a week ago, To be honest it was an amazing feeling when the profits hits my wallet I wish I could reinvest but, too much bills

[@Yusuf-di8cw]

YES!!! That’s exactly her name (Christy Fiore) so many people have recommended highly about her and I’m just starting with her from Brisbane, Australia🇦🇺

[@AnitaSalas-lr9ic]

I just contacted her and she responded nicely thanks 🙏❤.

[@allen2zulu]

look what the US did during c19 (shut down businesses, forced injections, etc.), so I absolutely would not rule out asset confiscation, especially now since everyone's "wealth" is numbers in a data center and computer screen

[@troyfelder]

Wow! What a great video. you so well articulated. Monetary and Fiscal policies should work hand in hand to have a full effect, but we live in an era where government just doesn't care, it will spend and double-down and spend more and more.. it just doesn't care, and it would debilitate the monetary policy. The sad outcome will be likely BOTH the transition to a digital dollar CBDC that will give ultimate control to the government thus shrinking even more the independence of the central bank. At some point the central bank will have no actual meaning left. Honestly, it feels we're not too far from it already..... I would buy Bitcoin and buy hard assets like gold /silver as a store of value while also actively trading...The only wild card for us investors is to actively engage the market by trading, it's about playing it smart and steady during trading...managed to grow a nest egg of around 100k to a decent 432k in the space of a few months... I'm especially grateful to Tobias Hawke, whose deep expertise and traditional trading acumen have been invaluable in this challenging, ever-evolving financial landscape.

[@troyfelder]

Tobias Hawke program is widely available online..

[@wajper1994]

Exploring new investment opportunities demonstrates your proactive stance towards financial growth during these volatile times. Diversifying your portfolio can play a crucial role in effectiveIy mitigating risks..

[@lottschke]

Over the years, I've been a part of numerous trading programs, sifting through a barrage of information. Yet, nothing has come close to the sheer clarity, depth, and precision of Tobias insights. It's akin to finding a diamond in a coal mine.

[@RuyVictorio]

Indeed, the recent market downturn serves as evidence that a vast majority of individuals lacked a sufficient understanding of the underlying financial dynamics at play.

[@jchall12]

Building a good investment portfolio is more complex so I would recommend you seek Tobias support.

[@robertsmart5600]

A Chinese economist said, "the West has 1 day Democracy (Election day)", but many days make a meritocracy work (China's 30-year economic miracle) also: "The Chinese state guides capital and private entities towards what it believes are national strategic priorities, rather than allowing them to simply focus on generating greater revenue." Jack Ma founder of Alibaba & Ant Group thought he could prioritize profit; he was reminded that is not the Chinese way? President Xi Jinping was sent to work on a farm in a rural Chinese village in his youth to instill him with a sense of reality, he saw the importance of local ideas being able to percolate up to the top of the governing body to help all other villages in China.

[@wd31981]

That’s is the most backwards thinking I have ever seen. To mention anything about Chinese government efficiency is laughable. Economic growth in spite of government control isn’t proof of anything. The USSR also worked well for awhile. Top down edicts are never as efficient as local decisions. When local officials have to “look good” to the higher ups, grift and inefficiency always follow. China isn’t nearly as great of economy as you think.

[@grimgrimey]

​@@wd31981nope,local officials ,mayors etc are incentivized by the state to grow their economies.look I know your blinkers are on but have a little look at how China took 800 million out of poverty how they grew seemingly poor provinces into modern ones etc etc,their system is one that works very well for them sure they have problems like every large nation but to say the same narratives the state department tells us is short sighted to say the least.

[@josiegraham2591]

We do not produce we consume e only print fiat money what a disaster

[@jchanmcse]

@@wd31981 You are imposible!

[@shalom9234]

​@wd31981 what's wrong with backward thinking, if it works?

[@BaekHyeon]

Excellent!!! Your channel is Highly recommend. But I really do have a question. For someone with less than $10,000 to trade, How would you recommend we enter into trading as a newbie? Because depending on one steam of income is very difficult in this economy crisis so I would greatly appreciate any suggestions.

[@Anastasia349]

Trading with professional trade will be the wisest thing to do because I have been trying to grow my portfolio trading on my own for some time now, my major challenge is not knowing the best entry and exit strategies.

[@Kellysdolp]

I would suggest to reach out to Mavis. What impresses me most about Mavis is how well she accumulate profit for client's and explains basic concept of winning before actually trading for you. And letting you use her trade signals. And she will also teach you how to trade as she trade for you. This goes a long way to ensure winning trades.

[@BaekHyeon]

Please I'm a beginner, where can someone willing to start up trading reach Mavis?

[@Kellysdolp]

She mostly attend to client's faster on whats-ppp info

[@Kellysdolp]

+447

[@GerryMatestic-bw2zi]

Don't the fact that their are 20000 crypto currencies(tokens) alone,proves that crypto is a scam........

[@marceldekker2149]

TULPMANIA 2.0 In the end forbidden

[@brysona466]

No, While Most Will Certainly End Worthless there Are Real World Uses for Some Like XDC; Improving Efficiency in Int'l Trade ... BTC Has Proven Inefficient for All Claimed Use Cases ... What Does BTC Do that BCH, LTC, XRP Can't Do Faster & Cheaper ??

[@mexican-americanpatriot721]

Yes but only 5 main ones will survive along with a about 10 more will struggle but probably stay afloat as soon as the US cbdc comes in strong.

[@spudruckus7297]

​@@brysona466 there is set amount of them and no more can be created. That was always it's value, not efficiency.

[@valuetraveler2026]

they cannot all be scams statistically speaking

[@jameslee-dp6cb]

If the system collapses, I think it will motivate people to reject any monitary system again. People are already upset that governments just print whenever they want to.

[@grimgrimey]

Actually whatever currency the BRICS nations come up with will be very well thought out and solid.thats where my money is investing.

[@Lonewolf_rider]

The problem is that the millennials don't know any better than the fake money system and those from back out of the day are mostly dead or dying. Few people know and understand....mind you...few.

[@KS-gt9up]

Unit going live on October 22 2024​@@grimgrimey

[@dpetersen2630]

Now the dollar is convertible on demand for 1/2,400th of an ounce of gold. In other words, it's almost worthless.

[@auntiefiat9769]

But not from the government...because they have no gold! I think about gold I purchased just 2 years ago - I felt like a thief getting a Gold Buffalo for ~$1,800. Peter is correct. Gold is still way under-valued vs the dollar.

[@catdaddy5192]

@@auntiefiat9769I purchased it for $700.

[@westcoaststacker569]

@@auntiefiat9769 I do not feel like a thief, I see the Politicians as thief's stealing the value of the dollar. They have killed the Dream of home ownership for most of the current generation.

[@oscarellis2563]

Everybody would like to use gold however the Western Government doesn't as it will limit the amount of fiat fugazzi they could print off.

[@westcoaststacker569]

Eastern does not wish to either, no country wishes to redeem their currency for gold at a set rate.

[@MichaelMcCausland-pg6qs]

Hyper inflation is very close

[@razorsharplifestyle101hard9]

You think it will happen in the next 13 years?

[@Susanhartman.]

Its worse here, our economy is like a flailing fish, fighting for its life. The normal state of the U.S. economy is actually very bad. Because of this it goes into convulsive spasms fighting to grow any way it can out of desperation. Tricks, gimmicks, rule changes try to stimulate the economy and prevent it from falling but they only bring temporary relief to people since, when you factor in inflation we are declining.

[@ThomasChai05]

People believe their currency has the worth it does because they have no other option. Even in a hyperinflationary environment, individuals must continue to use their hyperinflationary currency since they likely have minimal access to other currencies or gold/silver coins.

[@mariaguerrero08]

Inflation is gradually going to become part of us and due to that fact any money you keep in cash or in a low-interest account declines in value each year. Investing is the only way to make your money grow and unless you have an exceptionally high income, investing is the only way most people will ever have enough money to retire.

[@mikegarvey17]

@@mariaguerrero08I've tried investing in the stock market several times but always got discouraged by fluctuations of stock value. I would be happy if you could advise me based on how you went about yours, as I am ready to go the passive income path.!!

[@mariaguerrero08]

*Gertrude Margaret Quinto* a highly respected figure in her field. I suggest delving deeper into her credentials, as she possesses extensive experience and serves as a valuable resource for individuals seeking guidance in navigating the financial market.

[@JackBJacobs233]

I just looked her up on the web and I would say she really has an impressive background in investing. I will write her an email shortly.

[@auntiefiat9769]

The ship is sinking and we are busy arguing what color glass to have in the chandelier. Good discussion and folks will do well to consider what Peter is saying.

[@westcoaststacker569]

And ignore his sales pitch. Be your own custodian.

[@cael3132]

Been following Peter since 2012, he is the shit!

[@isabelhoebel3189]

Is that a negative reply?

[@isabelhoebel3189]

Was that a negative reply?

[@bluesmansunnyfournier4727]

100%

[@BullsEye3333]

@cael3132 You must mean Peter is full of shit because he's going down in history as the worst financial advisor ever. He has been dead wrong on all his major predictions year after year, market cycle after market cycle: 1. Worthless dollar 2. Worthless crypto 3. He said it's another housing bubble way back in 2014 4. He said the Fed couldn't hike rates from 0 in 2015 but they hiked to 2.25% 5. He said the Fed couldn't hike rates from 0 again in 2022 but they hiked to 5.25% 6. New high for silver 7. 100x on gold stocks 8. $5,000 gold 9. Dow will equal an ounce of gold 10. Going back to a gold standard is inevitable 11. DXY to 80 by the end of 2023 12. Financial crisis of 2023

[@flapoverspeed]

Yep: his advice has been shit.

[@stanleydent2326]

Peter Schiff is the man. He woke me up to reality when it comes to finance and the evil of the Federal Reserve and central banking.

[@auntiefiat9769]

Regarding third-party trust and insurance...much of our insurance is mandated by law. We must purchase it regardless of trust. We convince ourselves we trust insurers, because it hurts too much to face the truth!

[@westcoaststacker569]

My feeling is I would prefer holding physical than trusting Peter or anyone else to be able to grant me access to it when I may need it.

[@patricklarsen8078]

Brics are buying gold like maniacs. I even think Zimbabwe went over to gold standard

[@BullsEye3333]

@patricklarsen8078 BRICS is a big fat nothing burger. Peter has been tricking his listeners into buying his silly gold coins with that BRICS nonsense since he started his KZbin channel back in 2009. The video is titled: "July 4th Employment, stock market sell -off, trouble for dollar & treasuries." He starts talking about BRICS at 4:16.

[@seeker2118]

The US dollar reserve status is based on the fact that the dollar is a trading currency. This means that because people have strong faith in the dollar as a medium of exchange and it is also easily convertable to actual money it makes a good store of value "reserves".

[@Skillashy]

Well, the US govt is really trying hard to destroy that faith with the sanctions and it's foreign policy.

[@mikesullivan5219]

Every state should adopt goldback notes...... It only takes a few investors..... I think there's only 5 states now that have it... Sovereign nation with all states currency, a gold backed currency...

[@BullsEye3333]

@mikesullivan5219 Why? Are you going to make big government pinky promise to keep the peg and redeem real gold? Gold will just fail as money like it always has and always will. Bitcoin has solved the reasons why gold ALWAYS FAILS as money and much more.

[@preciousmetals7114]

@@BullsEye3333 LOL gold has made it for 5 thousand yrs through everything imaginable ..works even when the power goes out .. bitcoin not so much.. except more thin air ...

[@BullsEye3333]

@@preciousmetals7114 Correction: Gold has FAILED over and over at trying to be money for 5,000 years. If it didn't fail then we would be using it as money today and bitcoin would have never been invented. You should already have cash to get you through an outage but bitcoin will still be used. People's cell phones will already be charged and generators will power the stores. It's Peter's silly gold coins that will never be used as money again.

[@pinschrunner]

Be your own custodian. Why trust a country or company. Insurance is a scam and doesnt pay claims, Peter, He was very cryptic about where to find a custodian,

[@westcoaststacker569]

Agreed, Peter is great, but I don't see how when needed we would ever see the gold he is holding for his clients.

[@kennethedwards3095]

The one important thing you're leaving out, Peter, is that gold as the 'Reserve Asset' of currency has proven vulnerable to subterfuge.

[@westcoaststacker569]

Agreed, BRICS buying gold means nothing. Unless a currency is redeemable by everyone for gold than it is no better than the Dollar in 1973.

[@marceldekker2149]

100 % 1 billion debt a day Debt go faster and faster Inflation go faster and faster Gold silver go faster and faster The down gold ratio go back to 1:1

[@fonsvervoort]

Peter and Paul thank you very much!

[@goldeneggduck]

Good point on Euro Italy vs Germany and Argentinian style inflation.

[@lanag5093]

I thought gold, being a precious metal, is vulnerable to seizure if eminent domain is proclaimed which congress could due during major national emergency.

[@rosewildbill6368]

They tried to tell everyone to return their gold. They did not really enforce it ... so, those who refused were smarter than those who gave it up. The price rose right after that, of course

[@westcoaststacker569]

@@rosewildbill6368 But it was no longer redeemable for Dollars. Of course those who held and were rich enough to redeem it in Europe then convert to Dollars as needed. Or they could barter with it... OPs question yes seizure is possible but as Peter says difficult to enforce, much easier to click computer and seized digital assets or take Land which cannot be hidden. Difficult now to fly with it though, even now large cash or gold quantities are seen as criminal.

[@didi156]

Fiat won because the monetary rock simply wasn't good enough for the information age. Information travels at the speed of light. Rocks don't. The solution isn't rock certificates. Early Fiat was just that, and now we know how that plays out long term. We're not gonna go back to Gold, but forward to something else. I feel sorry for Peter.

[@westcoaststacker569]

Gold standard lost way before information age, the Politicians spent more than they had and defaulted! Nixon told France no, since than the dollar is (1973 1:35 to 2024 1:2,400) 35/2400=.015% of its value. Similar numbers if you look at homes, coffee, utilities etc...

[@khankrum1]

What happens when you can't pay your debts is your creditors snatch anything of value that can get their hands on!

[@sebastianburnaz6760]

Thank you!

[@highdynamicphotographyfilm2235]

Love Peter. I have been his fan since 2006. There is so much truth to what he says.

[@BullsEye3333]

@highdynamicphotographyfilm2235 What in the holy hell are you talking about? Peter is going down in history as the worst financial advisor ever. He has been dead wrong on all his major predictions year after year, market cycle after market cycle: 1. Worthless dollar 2. Worthless crypto 3. He said it's another housing bubble way back in 2014 4. He said the Fed couldn't hike rates from 0 in 2015 but they hiked to 2.25% 5. He said the Fed couldn't hike rates from 0 again in 2022 but they hiked to 5.25% 6. New high for silver 7. 100x on gold stocks 8. $5,000 gold 9. Dow will equal an ounce of gold 10. Going back to a gold standard is inevitable 11. DXY to 80 by the end of 2023 12. Financial crisis of 2023

[@user-ij7xv5xi4n]

The only way to solve this is for USGOVT. to balance budget. Default on bonds.

[@jimbobarooney2861]

Balance the budget means increase taxes and reduce spending, if you default on bonds, that's someone's pension screwed, also chances of issuing more debt and someone buying it, is slim, theres always a buyer but at much much higher rates. They won't default on debt and they probably won't implement austerity, so expect debasement

[@daffyduck4195]

With the global shift away from the dollar, there is a concern that the influx of greenbacks will lead to hyperinflation in the United States. Furthermore, considering how the US has been using the dollar, the Swift financial system, and banks as weapons, it is becoming less certain that the dollar can be easily exchanged for gold.

[@macoveivasile75]

Thank you for your information.!

[@kortyEdna825]

People try to predict the economy not realizing it is not a capitalistic market, its a command economy, central planning! my concern is, instead of having much dollar in bank that could lose value to inflation, do I save in gold to reserve and grow wealth for now, or just hang on?

[@carssimplified2195]

truth is that gold serves as an inflation hedge in the long run, but not profitable in the short run. only thing you can predict is a strong effort of wealth transfer from the people to the powerful. luckily some folks find solution in financial advisors

[@PatrickFitzgerald-cx6io]

I wholeheartedly concur; I'm 60 years old, just retired, and have about $1,250,000 in non-retirement assets. Compared to the whole value of my portfolio during the last three years, I have no debt and a very little amount of money in retirement accounts. To be completely honest, the information provided by invt-advisors can only be ignored but not neglected. Simply undertake research to choose a trustworthy one.

[@NicholasHarmon-ow3jl]

this is incredible! how can I vet your advisor if you please? definitely would love to make money from the market too, but a complete newb..

[@PatrickFitzgerald-cx6io]

There are a handful of experts in the field. I've experimented with a few over the past years, but I've stuck with ‘’Marisa Michelle Litwinsky for about five years now, and her performance has been consistently impressive. She’s quite known in her field, look-her up.

[@NicholasHarmon-ow3jl]

Thanks a lot for this suggestion. I needed this myself, I looked her up, and I have sent her an email. I hope she gets back to me soon.

[@JWFitness1]

Yes, the US can export, but what if countries don't want dollars? Then what?

[@beegonee]

Gold stock exchange will work cuz it has standard price in every country..china, arabs, africas, asia..

[@Lioness1499]

Brics has already started the process. No one wants the dollar. Africa has joined Brics. America is toast. It is just a matter of time before it all collapse. The ability to cook the books will have caught up with them.

[@Lioness1499]

No one wants the dollar.

[@zoraster3749]

Most countries have dollar denominated debt, so they will need dollars for the foreseeable future. They are starting to look for the exit though.

[@JWFitness1]

@@zoraster3749 right. But we can't forget the BRICS nations are moving away from dollar trades as we speak. This will get very interesting, and not in a good way.

[@TheDoug88las]

Rome, Weimar Germany, Venezuela, America. History repeats and repeats and repeats. The collapse cometh.

[@stevepetty7009]

The interesting fact is total debt is zero. If a government is in debt, wealthy people own the debt. In many cases having created and expanded their wealth through government policies they have used their wealth to influence, at cost to those who are not wealthy.

[@preciousmetals7114]

Exactly why sound money Gold ...silver .. goldbacks ect help level the playing field

[@EmanuelAmbriz-ml4nk]

It's been dumping and pumping in this range for ages! It's technically just going sideways, sideways means generally stagnant. More emphasis should be put into day trading, as it less affected by the unpredictable nature of the market. Trading has been going smooth for me as I managed to grow a nest egg of around 100k to a decent 732k in the space of a few months... I'm especially grateful to Kerrie Farrell, whose deep expertise and traditional trading acumen have been invaluable in this challenging, ever-evolving financial landscape...

[@swayhulio]

As a beginner, it's essential for you to have a mentor to keep you accountable..

[@JasonGavino-dj6ze]

I've just looked up her full name on my browser and found her webpage without sweat, very much appreciate this..

[@TedStalets]

On the grand scheme of things, once you understand the potential of trad!ng, you can bet on it but I think people need the education to fully understand...

[@rogercav40]

The internet is filled with so many useful information about Kerrie Farrell crypto..

[@CsokiBabi]

This is why it is advisable to connect with a true market strategist in order to avoid missing such opportunity and maintain steady gains...

[@tck7394]

From Feb 26 to April 1 - 418 billion added. If this continues , it means that the previous 1 Trillion /100 days is morphing into min 1,2 Trillion/100 days. Inflation = currency devaluation.

[@samahirrao]

Americans be like:"We didn't start the fire, it was always on and on and on .."

[@emanuelhendrikx5233]

....""And forgive us our debt,like we will forgive our debters""...Holy father...

[@VmgToyz]

Great interview 👍

[@jburch1544]

Peter said not to invest in stocks 25 years ago DOW was 5000, now at almost 40000. Good advice?

[@westcoaststacker569]

Who could of predicted QE and Multi Trillion dollar deficits back then. Politicians have ruined the natural cycle of the markets.

[@worlddj1364]

@@westcoaststacker569 He is committing the same mistake, the US with its trillions US dollar worth war machine won't just stand there and watch the USD fall out of value. Everyone in the US will ruin the natural cycle gazillion times over to prevent this, they may come up with something "unpredictable"

[@CharleneSmith-we9vh]

Love Peter Schiff, thank you for having him on your show.

[@davyd2379]

Lekker bezig Paul!

[@chriseustace9734]

The most interesting Financial Consequence of being Debt Based , will be in October when the BRICS Plus Nations Launch their new Trading Currency based in part on Gold ! Great timing before many Nations average Elections!

[@westcoaststacker569]

Is it redeemable in gold at a fixed rate?

[@gregmartin6653]

Gold blockchain will end up being the enforced gold backed giv currency. Forced onto gov to be fiscaly responsible once everything has absolutely been smashed.

[@norberthaimberger9537]

Interesting idea.... but who would support it?

[@BullsEye3333]

@gregmartin6653 Are you going to make big gov pinky promise to keep the peg and redeem real gold? Gold will just fail as money like it always has and always will. Bitcoin has solved the reasons why gold ALWAYS FAILS as money and much more. A gold backed crypto is so stupid because the whole point of crypto is to get rid of the third party and the government. They'll shutdown a gold backed crypto bank just as easily as they shutdown Peter's perfectly solvent and perfectly compliant bank.

[@andrevieira5729]

Nice show Peter Schiff 💪

[@michaelmarchal4004]

I hope so.

[@Goodman67386]

Thank you for sharing. Financial education is crucial today to show incredible resilience and discipline in the volatile market, masterfully balancing strategy and insight for success. This dedication to continuous learning is inspiring...managed to grow a nest egg of around 200k to a decent 632k in the space of a few months... I'm especially grateful to Craig Reeder, whose deep expertise and traditional trading acumen have been invaluable in this challenging, ever-evolving financial landscape.

[@Goodman67386]

CraigReeder,..

[@Goodman67386]

He mostly interacts on Telegrams, using the user-name.

[@nuevacuentapure2022]

I agree that there are strategies that could be put in place for solid gains regardless of economy or market condition, but such executions are usually carried out by investment experts or advisors with experience.

[@JoshuaK.Coble22]

I read about him too on website . That is how I get connected to him. Thanks for putting this down here

[@CristinaMarcu-kn9ku]

I can bet Craig is the best in the market now…. Very reliable and his analysis are accurate..

[@user-vb8yf8be3l]

In silicon valley housing prices on average have gone up 7% a year

[@Nashinsi]

Great interview.

[@Got2Learn]

That's about it, they are in trouble...no solution in sight.

[@liamporter1137]

Thanks for sharing and surfacing the truth. 👏👍

[@brazilstreets7955]

Great hearing Peter.

[@dhirajkaul4716]

The only man along with Gerald. True to every word.

[@023achilles]

People don't want to spend gold because we are still in a fiat system. That is the basis of "Gresham's Law", bad money chases out good money. I.E. if someone will still accept USD? Of course I am going to give them USD not gold!

[@pvdl11]

Is Peter drunk during this interview?

[@cockyhemi-123]

Hopefully!

[@notgunnadoit7461]

Sometimes he's had a few margaritas and he later admits it's lol. Which I find funny and very honest hahaha - He's obviously a good man.

[@jurriaan3533]

Toch knap welke gasten jij allemaal weet te regelen. Complimenten!

[@tomcat1391]

Roll back govt? Lol. No politician mentions Fed. Govt. Largest employer in USA😂

[@brianrobertson7012]

Right now we mine enough gold in one year out of North America to set the dollar at 0.1% equals 2.30 usd .

[@CollectorChronicles]

Top notch interview and channel! If you like Peter Schiff his actual show on his channel is way different than his interviews in my opinion. He seems much more laid back and funny as if he's at his home or something. Every interview I've seen he acts more serious.

[@barrymanning6554]

In Peter we trust!

[@CollectorChronicles]

@@barrymanning6554 lol I’ve become addicted. I post segments of his show on Facebook

[@notgunnadoit7461]

Peter check this out. I'm a 100% Disabled Veteran (Actually my VA rating reaches 180% but that's VA math) and after being in Iraq for 7 years when I came home I was basically forced to retire from my Federal Law Enforcement position which is a FERs Disability Pension tied to Social Security Disability. All together because it's all tax free Im compensated 6 figures with 3 separate healthcare's and zero co pay, plus lots of other benefits - like I do not pay property tax in Michigan and school and much more. So let's say I receive around $150k to $175k per year in compensation for injuries and illness. I am so afraid it's all going to fall apart I don't spend any currency or own a home or have any debt. I take all the currency and buy physical Gold and Silver. But my buddies, the guys and gals I served with spend like there's no tomorrow. 5,000 sq ft homes on 10 or 20 acres, fancy expensive cars, all kinds of toys like boats, dirt bikes, snow machines. Their houses are furnished very nicely, they go on cruises and spend in lavish vacations and have one divorce after another. I know what they make because they are the same as me - VA disability, Federal Disability Pensions tied to SSD and the same healthcare. But I'm scared the dollars are going to be worth way less, the benefits are going to be cut, the toys and cottages won't be able to be sold and under water. I sometimes wonder if I should just live the happy lifestyle they are before I die or save and protect myself incase it all does fall apart.

[@Sgtrp-cp9qp]

You have it so bad and grip so much It makes me puke with your stupidity. I can say this cause I’m a 100% Vietnam veteran agent orange, benifits ain’t worth what I had to kill to get them, and all the death I had to walk away from. Get real and try sharing the spoils!

[@SootyS-wg4lm]

Why don’t you find a happy medium? Living in fear of everything being taken away is something every person could focus on and in the process, create for themselves a miserable life. We never know how many days we have left on the planet. If you died tomorrow in a freak accident, all your gold would be taken away from you anyway. My advice would be to spend money on getting yourself set up in your own home where you can live sustainably, not relying on the gov for anything. Then you’ll have the peace of mind that if your benefits were stopped for whatever reason, you can still feed yourself and have a roof over your head. Spend a 1/3 of what you have on a home (and say 10 yrs worth set aside for house related expenses like council taxes, etc), a 1/3 on provisions, tools, animals, tech to equip your home so it can run off grid and things to survive long term in a SHTF scenario, and allocate a 1/3 to investments. If you get yourself set up so that long term you can support yourself /survive off the grid, in your own home, this will alleviate a lot of anxiety about benefits being withdrawn as ultimately, no matter what happens, you’ll be fine. Then in the short/med term, use the returns on your investment money on a toy for yourself, if that’s what floats your boat. True happiness doesn’t come from material possessions anyway. Peace of mind comes from knowing you’ll be able to take care of yourself, without any help, should it come to that. Purely my two cents. But worrying about what you could lose tomorrow is no way to live happily today.

[@simon359]

Great show and guest! 🤙

[@nancygreen8186]

Hard assets such as real estate can deflate in certain parts of the country when they overbuilt and prices went too high, then the bottom dropped out of real estate in certain areas and many foreclosures happened. Some houses lost 60% of the value. The people that bought these homes at 60% decrease actually got a lot for their dollars.

[@Josephbasta827]

I am so happy that I made productive decisions about my finances that changed my life forever. I am a single father and I live in Spain, I bought my second house in September and I hope to retire next year at 40 if all goes well. thanks to Natalie Rose Strayer for helping me achieve this.

[@Chrishorton23880]

You trade with Natalie Strayer too? Wow that woman has been a blessing to me and my family.

[@Nguyenvictory83]

That woman has changed my life for good. I attended her investment class couple of weeks last year and she’s the best when it comes for Guidance.

[@Jessecote875]

I've heard a lot about her. Please how do I contact Natalie Strayer?

[@Charlottehornets4]

I'm happy to see Mrs Natalie Strayer mentioned here, my husband recommended her to me when I was in Germany during Covid, she's amazing.

[@Dederickgeorge]

The very first time we tried, we invested $1700 and after a week, we received $9000. That really helped us a lot to pay up our bills.

[@marcionphilologos5367]

No Argentina-like inflation, as the dollar will not collapse. FED will be forced to raise interest, the US government will raise taxation, inflation of basic products will increase, middle class will collapse by rising rents, collapsing commercial real estate, rising mortgages..... So, in the end the rich will live in encircled cities (like MIAMI already; a beer costs 15 dollar) ) and the working poor (30-40% of population) will live in slums, with zero buying power. O, BEAUTIFUL FUTURE UNDER THE RULE OF BANKERS.

[@yannickille4049]

😂raise interest to 17%😅😅😅

[@rogerburn5132]

USA dollars will be like == Venezuela bulivar

[@user-wj9ld9vm6y]

I like your interviews!! AnotherVery smart Dutchman!

[@brettallport1250]

Buy land not gold, you can grow food, you cant eat gold

[@AlejandroAgustin-tj6fw]

*Amazing video, you work for 40yrs to have $1M in your retirement, meanwhile some people are putting just $10K into trading from just few months ago and now they are multimillionaires*

[@JoshuaLloyd-uc9sz]

Waking up every 14th of each month to $210,000 it’s a blessing to I and my family… Big gratitude to Andrew Stella 🙌

[@angelabrooks8189]

Hello , I am very interested. As you know, there are tons of investments out there and without solid knowledge, I can't decide what is best. Can you explain further how you invest and earn?

[@corinneclary4054]

Same, I operate a wide- range of Investments with help from My Financial Adviser. My advice is to get a professional who will help you, plan and enhance your management skills. For the record, working with Andrew Louis Stella, has been an amazing experience.

[@Susancov]

YES!!! That's exactly her name (Andrew Louis Stella) so many people have recommended highly about her and am just starting with her 😊from Brisbane Australia🇦🇺

[@Barnardrich]

I sold my home to invest with her last December (2023) now I have a massive home I bought in Las Vegas after 2 months of her trading process and also owns 2 cars ❤️ Andrew Louis Stella you will forever remain in my heart

[@angusmcbagus]

I was in my early twenties in 2008. Peter Schiff helped me understand the mechanisms of an economy. I binged his videos, those of Irwin Schiff, then Milton Friedman, Sowell, Hayek, Mises, Buckley. I then bought some gold and binged the books of these thinkers and teachers. Nothing comparable was ever taught to me in school. Looking back, it seems to me the western nations are worse off in every metric compared to those days. Am I wrong?

[@rdallas81]

Yes. You are wrong. 😊

[@angusmcbagus]

@@rdallas81 I suppose Switzerland, Liechtenstein, Luxembourg and San Marino might be generally sound and better off.

[@KimScatton]

6:20- so on point. I never heard there was a target until we were well over 2%

[@avx4281]

Thanks mr. Schiff. Great insights.

[@Mornings]

Inflation will go crazy so buy an asset (gold) that doesn't increase in value enough to make up for it! It's a hedge guys! lmao

[@tmo2798]

Or buy Crypto and get COMPLETELY ripped off!

[@BeastAndTheHarlot100]

Low iq take

[@Mornings]

@@tmo2798 Easy to short crypto too and make way more than you would with gold LOL when SHTF no one is gunna take your funny yellow rock or crypto as payment for anything they'll want food water medical supplies or ammo

[@Mornings]

@@tmo2798 Shorting crypto is easy lol also if things REALLY crash no one is taking your yellow rock or crypto they'll want food water medical supplies and ammo

[@marcelgerritsen4253]

Bedankt Paul! Weer een interessante podcast.

[@vusimdudu9033]

Wouldn't you say that one of things that helped USA is that after WWII, it was the only country that was not destroyed. Unless we have another big war that leaves USA untouched, I think it will be harder than is being made out to be. Also don't you think others are aware of this.

[@DerekCarrillo7541]

Great interview

[@Gold_Silver.]

Peter the 🐐 spitting truths!!!

[@lrg3834]

DC is adding $1 trillion to the $34.5 trillion national debt every 100 days now. Furthermore, annual interest on the debt so far is more than $1 trillion (in 2007 it was $400 billion). Personally, I believe America has entered a debt/interest payment death spiral, and most can't see it or are in denial. You need look no further than the effects on the American consumer in terms of inflation and lack of good employment opportunities.

[@lucientjinasjoe1578]

In the hinterlands in the Amazon the payment is in gold and what i was told is that you can get slithly more goods for the same amount of gold nowadays

[@stephendavis6066]

People like this should face repeated public disgrace when their predictions are found to be wrong...

[@ronaldmcdonald3965]

uh oh. I was in Argentina 2003 and my young fishing guide told me how it severely impacted his family; a significant portion of their wealth disappeared. Fast forward to October 2024, sitting next to a business guy on my way to Miami; the gateway to Latin America He told me of all the effort they spent constantly repricing goods and services and impact on consumers and business.

[@user-hm5zb1qn6g]

This is a great interview. Peter bringing a lot of great info today.

[@MichaelMcCausland-pg6qs]

We are in the 70s

[@abdullahifarah4243]

It was a good program, thank you The only way to know if gold is invested is that there is instability or negative lumber that has stopped and things have changed positively.but there is nothing that concerns nature and nothing is against it