The Peter Schiff Show Podcast Jamie Dimon Admits Peter Schiff Was Right - Ep 1046
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Oct 16, 2025 Peter Schiff dives into gold's explosive rise, urging listeners to invest in precious metals now. He critiques Jamie Dimon's acknowledgment of gold's rationality and draws parallels between today's economic climate and the 1970s. Schiff highlights the looming dollar crisis, compares gold to Bitcoin, and warns about risks in the crypto market. He encourages converting Bitcoin into physical gold and emphasizes the importance of acting quickly as market dynamics shift. Insightful analysis that challenges mainstream economic narratives awaits!
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Gold Rally Echoes 1970s Dollar Shift
- The current gold surge mirrors the 1970s reaction to leaving the gold standard and signals a major dollar debasement.
- Peter Schiff says this reflects a global move off the dollar standard with vast economic consequences for the U.S.
Buy Silver On Dips
- Buy silver near previous resistance levels because downside risk is limited and momentum is strong.
- Schiff recommends buying now even if prices retrace slightly since the trend may keep pushing higher.
Wall Street Finally Acknowledges Gold
- Jamie Dimon's remark that 'it's semi-rational to have some gold' reveals Wall Street's late awakening to a long-term rationale for gold.
- Schiff argues this validation shows gold was rational to hold for decades, not just now at $4,000.
