Скачать или смотреть Massive Increase in GOLD Demand! Prepare for the BIGGEST Gold & Silver Rally Ever - Peter Schiff

Massive Increase in GOLD Demand! Prepare for the BIGGEST Gold & Silver Rally Ever - Peter Schiff

Peter Schiff is a prominent figure at Schiff Gold, specializing in selling gold, silver, platinum, and palladium bullion products. In Peter Schiff's view, the inevitable return to gold will be driven by public demand during a currency crisis, not by government choice. He contends that no currency should replace the dollar as the reserve and advocates for a monetary system backed by real money, which he believes should be gold. However, the demand for gold as a reserve asset has significantly grown since the 2008 Global Financial Crisis. The International Monetary Fund reports that global central banks increased the amount of gold in their foreign reserve portfolios by 20 billion dollars during the third quarter of 2022. This was the largest recorded quarterly growth in official gold demand in 55 years. On the flip side, the share of US dollar reserves held by the central banks has fallen significantly by more than 11 percent over the past two decades.
Despite the dollar's significant devaluation against currencies like the Deutschmark, yen, and Swiss franc after abandoning the gold standard, Peter Schiff explains that it retained its reserve status due to the Petrodollar system. This system caused a surge in oil prices, underscoring the dollar's decreased value. However, this dynamic is changing as Saudi Arabia has recently announced its willingness to accept payment for oil in various other currencies, particularly strengthening ties with China and joining the BRICS nations. Now controlling nearly half of the world's total oil supply, the BRICS group is gaining increasing global economic power, challenging the dollar's dominance in global oil transactions.
From a technician's perspective, Schiff states that the shift to gold as a preferred payment method will happen, driven by sellers wanting to avoid the devaluation of fiat currency, especially in high-inflation environments. This change will ensure businesses can maintain their inventory value without financial loss.
Regarding the escalating interest on the national debt, Peter Schiff expresses concern that it currently exceeds a trillion dollars annually and is projected to double by next year. He predicts that this rapid growth will lead to either default or severe inflation, both disastrous for holders of dollars and dollar-denominated bonds. According to the International Monetary Fund, the huge rise in the US national debt poses "significant risks" to the global economy and threatens to continue fueling high inflation.
In March, the Bank of America warned of a possible collapse of the US dollar, with the country's national debt rising by 1 trillion dollars every 100 days. According to Schiff's analysis, the US will print more money rather than default on its debt, leading to severe inflation. He advises buying gold and real assets to protect against this inevitable economic crisis.

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