TGM Classic | Peter Schiff | The Death of the U.S. Dollar and What You Can Do About It

Nov 11, 2024

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What should you own if the U.S. dollar collapses?

Peter Schiff, a prominent economist and financial commentator, has long been critical of the monetary policies of the United States and expresses concerns about the long-term viability of the U.S. dollar.

He points out the unsustainable nature of the U.S. national debt and emphasizes that the growing levels of indebtedness pose a serious threat to the dollar’s long-term strength. He argues that the U.S. government's persistent budget deficits, coupled with its reliance on borrowing from foreign entities, weaken the dollar's status as a trusted reserve currency.

To protect against the potential death of the U.S. dollar, Peter consistently recommends diversifying investments into tangible assets such as gold and other precious metals. He believes that holding physical assets with intrinsic value can serve as a safeguard against the potential devaluation of fiat currencies, including the U.S. dollar.

In this episode, Darius and Peter dive deeper into topics related to economics, finance, and investing. They talk about the economic outlook, Bitcoin and Cryptocurrencies, and the merits of investing in precious metals as a hedge against inflation and financial uncertainty.

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