Dollar Collapse Is Inevitable, So Buy Gold (Video)
Last month, Kitco News interviewed renowned New York Times Bestselling author Robert Ringer. They began by discussing the current political direction of America, but moved on to the collapse of the dollar. While Ringer will not put a timeline on the collapse of America’s currency, he is certain that it will fall apart.
What will that collapse look like? Again, Ringer wouldn’t say, but he does have just one piece of advice for everyone: buy gold. Buy physical gold. In fact, he is even more aggressive in his recommended allocation than our Chairman Peter Schiff. Ringer believes 50% of the average investor’s portfolio should be in gold!
A few highlights from the interview:
“What needs to change [in America]… You need to change the fundamental mindset of people. You could have the most conservative or libertarian president and congress in the world, but they’re not going to be able to govern in a conservative or libertarian way as long as their constituents want stuff, as John Stossel would say… We’re into generations now that have known nothing else but the transfer of wealth as a way of life…
“The [dollar] currency is being destroyed daily, hourly, by the minute – there’s no question about that. But when it will totally collapse, no one knows… Depending on who you’re discussing it with, it’s worth somewhere between 1 percent and 5 percent of what it was a hundred years ago…
“I’ve said for a good thirty-five years… Buy gold. Buy as much as you can possibly buy, because gold is money. Those pieces of paper in your pocket are not money, and you don’t measure the price of gold by dollars. You measure the value of dollars by gold. Gold doesn’t change its value… When it goes up, it reflects how much less the dollar is worth…
“There’s so many factors. It’s a huge, worldwide marketplace right now. My advice to people would be, “Buy gold.” I don’t believe 10 percent or 15 percent – I think at least 50 percent of your portfolio should be in gold… Don’t touch it. That is money… I like to own physical everything. I like to know its in my hand.”
Get Peter Schiff’s latest gold market analysis – click here – for a free subscription to his exclusive weekly email updates.
Interested in learning more about physical gold and silver?
Call 1-888-GOLD-160 and speak with a Precious Metals Specialist today!
Related Posts
Why and How US Debt Will End in Catastrophe
As fiscal imbalances persist, driven by coercive measures and artificial currency creation, the middle class faces erosion and purchasing power dwindles. But as the world hurtles towards a potential reckoning, the lingering question remains: can this precarious balance last, or are we teetering on the brink of a cataclysmic economic shift?
Peter recently appeared on Market Overtime with Oliver Renick for an interview. In their wide-ranging discussion, Peter speaks on monetary policy, the reliability of inflation data, and reasons to avoid Bitcoin.
Peter recently appeared on Fox Business to discuss Bitcoin’s recent performance. In this segment, he takes on Natalie Brunell, host of the podcast Coin Stories, in a friendly debate on the merits of crypto and precious metals.The Economy Is Reaching a Tipping Point
Beneath the veneer of headline job gains, the American economy teeters on the brink: native employment dwindles as part-time and immigrant jobs surge. Government hiring camouflages looming recession warnings. Inflation and political blunders worsen the crisis, fueling public outrage at the establishment’s mishandling of the economy.New Peter Schiff Interviews: We’re in a Stealth Bull Market for Gold
On Thursday, Peter appeared on OAN’s Real America with Dan Ball to discuss the U.S. Strategic Petroleum Reserve, the costs of home ownership, and the debt crisis. Peter argues the Biden administration won’t be able to refill the reserve, given oil’s 22% price increase this year. With the CRB exploding, Jerome Powell’s claim that inflation is coming […]
Leave a Reply