It’ll Happen OVERNIGHT! It’s Time for the BIGGEST Gold & Silver BREAKOUT in Decades – Peter Schiff

It’ll Happen OVERNIGHT! It’s Time for the BIGGEST Gold & Silver BREAKOUT in Decades – Peter Schiff

we can see gold and the Dow being close to equal again well unless you think the Dow is going to completely implode by 90% or more the only way you can you can get to that kind of parody is if the gold price goes way up uh so maybe the Dow can go down from you know almost 40,000 you know where it is now you know high 30s but maybe you can go down to 20,000 which is not you know outside the realm of possibility and if gold were to go up to 20,000 there you go 20,000 gold is almost a 10x increase from where it is now that’s not that much I mean gold was under 300 in 2000 and it was almost 2,000 in in 2011 Gold can have very big uh gains it’s it’s done it in the past Peter Schiff an American stock broker suggests the possibility of gold and the Dow Jones Industrial Average nearing parody again either through a significant decline in the Dow or a substantial increase in the price of gold he proposes a scenario where the Dow could decline to around 20,000 while gold Rises to $20,000 per ounce representing a 10-fold increase from its current price on Monday gold prices traded slightly softer nearly $2,335 during the early Asian session recent US economic data indicated firm inflationary pressures casting doubts on near-term US Federal Reserve rate cuts the federal reserve’s interest rate decision on Wednesday will be closely monitored shiff highlights the significant devaluation of the US currency over time stressing the loss of purchasing power since the establishment of the Federal Reserve in the early 20th century gold has long been viewed as a store of value and a hedge against inflation with its purchasing power remaining relatively stable or increasing over long periods its scarcity and slow Supply growth through mining help maintain its value over time as demand often outpaces Supply growth expressing concern about the US fiscal situation shift sites large deficits debt to GDP ratios and escalating interest payments on the national debt he believes these factors could lead to a fiscal crisis and exacerbate inflationary pressures in the years ahead the United States faces an imminent fiscal crisis unless it reduces its federal budget deficit to curb debt growth with already high federal budget deficits set to increase further the federal debt is projected to reach its highest ever level relative to GDP within 4 years come along as we explore Peter schiff’s valuable insights don’t miss out on our latest updates subscribe to our Channel and activate notifications thank you for tuning in if you think about where gold peaked in 1980 time frame it peaked at around the Dow equaling 1 ounce of gold gold got to 800 and the Dow got to 800 and that’s about where the Dow bottomed in 1932 as well when the Dow was down around 1 ounce of gold so if you figure that we could make it a hattick and we can see gold and the Dow being close to equal again well unless you think the Dow is going to completely implode by 90% or more the only way you can you can get to that kind of parody is if the gold price goes way up uh so maybe the Dow can go down from you know almost 40,000 you know where it is now you know high 30s but maybe you can go down to 20,000 which is not you know outside the realm of possibility and if gold were to go up to 20,000 there you go but 20 ,000 gold is almost a 10x increase from where it is now but that’s not that much I mean gold was under 300 in 2000 and it was almost 2,000 in in 2011 so gold can have very big uh gains it’s it’s done it in the past and if you look at where gold is now in relationship to where it was when the Federal Reserve first came on the scene in 1916 or 1913 um or it yeah 16 16 with the income tax in the Federal Reserve right 1916 I thought it was 13 or was it 13 yeah yeah all right I mean I I something like whether it’s 1913 or 1916 gold was $20 an ounce at that time so it’s more than a 100 times the price that it was back then looking at it the other way around it means that US currency has lost more than 99% of its value during that time period the line share of that loss happened um you know since the 1960s right because it and but I think it’s going to really start to accelerate in the years ahead I think you know the amount of purchasing power the dollar is going to lose we we’ve just got a small taste of that with the spike in inflation over the last you know few years uh but this is just the beginning I mean it’s not the end of it like the FED claims hey it’s all over the worst is behind us they said that in 1972 1973 right they thought inflation was over back then because it came down from 6.9% in 1969 to like three and a half in 1971 1972 so they thought that was it the next thing you know it was double digits uh and so we’re I think we’re in a much worse position now when it comes to how bad inflation is going to be because we’re in much worse fiscal shape than we were back in 1970 the amount of inflation in the pipeline is much greater I mean the deficit spending of the prior de dwarfs what happened under LBJ during the 1960s where you had Vietnam the war on poverty Great Society going to the Moon all that stuff guns and butter budget deficits that laid the foundation for the 1970s well what’s happened since the 2008 financial crisis with qe1 2 and three covid QE all that has laid the foundation for a much bigger inflationary explosion and it’s happening when the US is in much worse shape we have debt to GDP P of 120% we’ve got trillion dollar a year trade deficits as far as the IE can see uh two three Bill trillion dollar a year budget deficits not only as far as the I can see but as far as the I can see the deficits get much bigger than that and not that far out you know we’re already spending over a trillion a year on interest on that debt that’s more than we spend on National Defense a year from now it’ll be 2 trillion so interest on the debt will be greater than Social Security or Medicare it’ll be the number one Li item in the federal budget and then it’ll keep rising from there so clearly a fiscal crisis is coming recent data from the world gold Council reveals a notable Trend central banks have become significant buyers of gold this shift towards hard assets reflects a broader movement amidst Global Financial uncertainty in February China further reduced its Holdings of us treasuries by 22.7 billion bringing its total Holdings down to 7 $75 billion according to the latest figures from the Federal Reserve Peter Schiff criticizes individuals who have sold their tangible gold assets to invest in cryptocurrencies like Bitcoin referring to such actions as investing in Fool’s Gold Schiff underscores the Strategic moves made by Foreign central banks particularly those in Emerging Markets to diversify away from the US dollar through substantial purchases of gold moreover there are suspicions that China May possess more gold than it officially reports Jim rickords previously pointed out that many analysts believe China holds several thousand tons of gold off the books within a separate entity called the state Administration for foreign exchange shiff warns that time may be running out for investors to enter the gold and silver markets before a potential surge in demand this anticipated increase in demand is expected to be driven by heightened investor awareness and constrained Supply within the gold mining industry let’s get back to the interview physical gold and silver still very cheap especially silver which is still under 30 bucks you know it got the 50 bucks in 2011 which equaled the high in 1980 you know and we’ve already seen explosions look what’s happened to coffee prices look what’s happened to Cocoa prices I mean one by one these Commodities are going ballistic and you know this is again a leading signal of higher inflation to come uh but gold is is is just starting you know and I think silver is about to explode so you can go to shift gold that’s my Gold and Silver Company to get some physical precious metals everybody should have some Savings in in gold and silver very few Americans do you know the buyers have been in China they’ve been in India the Americans have been too dumb to buy they they’ve been buying you know Bitcoin or some other crypto they’ve been selling their real gold to buy fool’s gold and the other big buyers have been foreign central banks Emerging Market central banks in the East that’s who’s been buying gold you think these guys are dumb no they know what they’re doing they can see the dollars demise is coming because they’re part of it they’re part of the dollarization process they want to get rid of dollars but they have to buy something with their dollars to get rid of them they’re buying gold they’re not buying the Euro they’re not buying the Yen they’re buying real money right they they don’t want another fiat currency uh trying to back up their currency they want real money and so the process has started uh you know so you can either you know uh you know get crushed byy it or you can you know take part in it uh but there’s not that much more time I think to to really put the trade on because I think once Wall Street wakes up from this sleep and more people recognize what’s going to happen it’s just going to be a Mad Dash to buy these stocks and just the prices are just going to go straight up uh because there’s just not the supply you know it’s such a tiny little sector uh gold mining I mean the whole market cap of the entire industry worldwide I don’t even know if that would make it into the uh you know the top you know 50 companies in the S&P uh you know I was joking know one day nvidia’s you know it’s gained its gain in one day more than exceeded the entire gold mining industry combined so not not the market cap just the increase in the market cap in a single day so that gives you an idea of what you’re dealing with and if you’ve got you know in Pension funds endowments you know hedge funds uh retail investors all of a sudden taking an interest in a sector they’ve had no interest in you know for 10 20 years just imagine what’s going to happen to to the price JP Morgan reaffirmed Gold’s structural bull case on Thursday maintaining a peak Target of $2,600 per ounce what are your thoughts on central banks increasing acquisition of gold how might this trend impact Global Financial Dynamics particularly in the context of geopolitical tensions and economic uncertainties share your perspective in the comments below if the video resonates with you join our community by subscribing to our Channel and enabling notifications with the Bell icon thank you for being a part of our community e

It’ll Happen OVERNIGHT! It’s Time for the BIGGEST Gold & Silver BREAKOUT in Decades – Peter Schiff

Peter Schiff, an American stockbroker, suggests the possibility of gold and the Dow Jones Industrial Average nearing parity again, either through a significant decline in the Dow or a substantial increase in the price of gold. He proposes a scenario where the Dow could decline to around 20,000 while gold rises to $20,000 per ounce, representing a tenfold increase from its current price.
On Monday, gold prices traded slightly softer, nearly $2,335, during the early Asian session. Recent US economic data indicated firm inflationary pressures, casting doubts on near-term US Federal Reserve rate cuts. The Federal Reserve’s interest rate decision on Wednesday will be closely monitored.
Schiff highlights the significant devaluation of the US currency over time, stressing the loss of purchasing power since the establishment of the Federal Reserve in the early 20th century.
Gold has long been viewed as a store of value and a hedge against inflation, with its purchasing power remaining relatively stable or increasing over long periods. Its scarcity and slow supply growth through mining help maintain its value over time, as demand often outpaces supply growth.
Expressing concern about the US fiscal situation, Schiff cites large deficits, debt-to-GDP ratios, and escalating interest payments on the national debt. He believes these factors could lead to a fiscal crisis and exacerbate inflationary pressures in the years ahead.
The United States faces an imminent fiscal crisis unless it reduces its federal budget deficit to curb debt growth. With already high federal budget deficits set to increase further, the federal debt is projected to reach its highest-ever level relative to GDP within four years.
Recent data from the World Gold Council reveals a notable trend: central banks have become significant buyers of gold. This shift towards hard assets reflects a broader movement amidst global financial uncertainty. In February, China further reduced its holdings of US Treasuries by $22.7 billion, bringing its total holdings down to $775 billion, according to the latest figures from the Federal Reserve.
Peter Schiff criticizes individuals who have sold their tangible gold assets to invest in cryptocurrencies like Bitcoin, referring to such actions as investing in “fool’s gold.” Schiff underscores the strategic moves made by foreign central banks, particularly those in emerging markets, to diversify away from the US dollar through substantial purchases of gold.
Moreover, there are suspicions that China may possess more gold than it officially reports. Jim Rickards previously pointed out that many analysts believe China holds several thousand tons of gold “off the books” within a separate entity called the State Administration for Foreign Exchange.
Schiff warns that time may be running out for investors to enter the gold and silver markets before a potential surge in demand. This anticipated increase in demand is expected to be driven by heightened investor awareness and constrained supply within the gold mining industry.

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