PREPARE to Be SHOCKED! What's About to Happen to Gold & Silver Prices Will SHOCK You - Peter Schiff

PREPARE to Be SHOCKED! What's About to Happen to Gold & Silver Prices Will SHOCK You - Peter Schiff

It has been 24 years since entering the 21st century, and the price of gold has increased 11 times in dollar terms, with the price also rising 11 times when calculated in many other currencies over the same period. Despite this, only 0.5% of global financial assets are invested in gold. The proportion of gold in global assets has risen from 0.2% in 2001 to today's 0.5%.
Global financial advisor and expert Peter Schiff expressed a bullish outlook on gold, noting it has entered "uncharted territory" after breaking out of a long consolidation between 2011 and 2024. He mentions gold's earlier rally and predicts prices could double or triple with little resistance ahead.
When asked about the pace of gold's recent rise, Peter dismissed concerns about the speed of the rally, noting that gold had not moved excessively fast. He also emphasized gold's outperformance over major stock indexes since 2001. For most of the 2000s, the stock market experienced a similar bull market, and no investors fled the stock market. Nevertheless, gold has still vastly outperformed stocks in this century.
In the past 24 years, the S&P 500 index has increased by 572%. In the same period, gold has risen by 990%, with much lower volatility. Owning gold is like a hidden, well-protected secret. Few people, even professional investors, know that gold has risen by 1,000% or 11 times this century.
However, he cites that gold mining stocks remain undervalued, down 15% from their levels before Donald Trump's election, while gold itself is only marginally off its recent peak. Peter links gold stocks' lag to low investor interest, with more focus on Bitcoin and tech. The high value of gold makes it a frequent target for investors, but the natural volatility of the mining industry makes gold stocks a difficult investment.
Regarding proposals to sell US gold reserves for Bitcoin, Peter Schiff criticized the idea as disastrous, labeling Bitcoin "Fool's Gold." He argued that gold's liquidity makes it a reliable reserve, unlike Bitcoin, which he believes would collapse under large-scale government selling. In terms of historical appreciation, Bitcoin has significantly outperformed gold. Since 2015, Bitcoin has experienced growth of over 11,000%, as you can see from the Bitcoin historical price, while gold is up around 72%. However, gold is still significantly more valuable, with a market cap of around 18 trillion dollars versus Bitcoin's 1.9 trillion dollars.
While highlighting the crypto industry's sway over politicians, Peter accused them of promoting taxpayer-funded Bitcoin buys and tax-free gains. He warned that these moves could make US taxpayers the ultimate "bag holders" of what he saw as a Ponzi-like scheme.

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