Gold just crossed $5,000 an ounce. Silver’s trading above $100. And the mainstream media is calling it a bubble. Peter Schiff explains why they’re completely wrong–and why this is actually the beginning of a U.S. dollar collapse.
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KEY TAKEAWAYS:
Gold over $5,000, silver above $100–this isn’t a bubble, it’s the pin that pops the dollar bubble
The U.S. dollar just hit a 4-year low against major currencies
All-time record low against the Swiss franc (the monetary canary in the coal mine)
Mass exodus from the dollar is underway–you’re seeing it in gold and silver first, now spreading to other currencies
A full-blown U.S. dollar and sovereign debt crisis could be next
You need to diversify into non-dollar assets NOW: precious metals, mining stocks, and quality foreign dividend-paying stocks
ABOUT PETER SCHIFF:
Peter Schiff is CEO of Euro Pacific Capital and one of the few economists who predicted the 2008 financial crisis. He’s been warning about dollar devaluation and advocating for precious metals and foreign diversification for decades.
#Gold #Silver #PeterSchiff #DollarCollapse #MiningStocks #PreciousMetals #DebtCrisis #WealthPreservation
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