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#1156 Peter Schiff On The Fed, Interest Rates, Labor Market, Gold, & Bitcoin
The Pomp Podcast
The Assets That Will Do Best in an Inflationary Cycle?
Gold is the king of all commodities. I think it's going to do very well in a commodity bill market, especially if we have ultimately end up having a dollar crisis,. And so there could be a huge increase in the price of gold in this type of environment. Some Americans will be able to pay, but a lot of Americans will be too broke to buy products. The emerging markets are going to be much more fertile ground. They don't have a kind of debt that you have with some of the more developed Western economies.
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