The Peter Schiff Show Podcast Gold Tops $4K as World Prepares to Go Off Dollar Standard - Ep 1045
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Oct 9, 2025 Gold has skyrocketed past $4,000, raising alarms about a potential dollar crisis. Historic parallels are drawn to the 1970s economic turmoil following the gold standard's abandonment. Central banks are diversifying away from the dollar, prompting a push for gold as a safe haven against inflation. Schiff illustrates how current fiscal irresponsibility mirrors past economic mistakes, forecasting a major dollar decline in 2026. With insights on retail investor trends and Wall Street's growing acceptance of gold, there's a clear urgency to reconsider investment strategies in these turbulent times.
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Gold's Historic Surge Signals Monetary Shift
- Gold's surge past $4,000 signals a major monetary shift comparable to the 1970s move off gold.
- Peter Schiff sees this as evidence the dollar is being devalued and investors should heed the warning.
1971 Default Repriced The Dollar
- Going off the gold standard in 1971 removed a concrete backing for the dollar and devalued it.
- Schiff argues that removing gold convertibility was a 100% default on Federal Reserve notes and drove 1970s inflation.
Broken Toe Before Orlando Show
- Peter Schiff recounts fracturing his big toe after tripping on a computer cord.
- He worries about walking long days at an upcoming Orlando Money Show while recovering.