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Part 1: Peter Schiff on How People Can Flip $1M to $10M in Puerto Rico
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Economist and longtime precious metals advocate Peter Schiff joins Vlad to explain why he believes gold and silver remain stronger investments than stocks, the S&P 500, and Bitcoin in an era of inflation and dollar debasement. Schiff looks back on recommending gold under $300 an ounce in the late 1990s, compares its long-term performance to equities, and breaks down silver’s surge past the historic $50 level tied to the 1980 Hunt brothers market squeeze.
The conversation covers gold’s pullback from recent highs, silver’s volatility, foreign central banks moving away from U.S. dollars, America’s nearly $40 trillion national debt, rising interest costs, and widening federal deficits. Schiff argues that fiat currencies are losing purchasing power globally and predicts more interest from pension funds, hedge funds, mutual funds, private investors, gold ETFs, physical bullion, and tokenized gold as confidence in crypto and Bitcoin weakens.
