Selling Gold to Fund Bitcoin Reserve Would Be a Monumental Blunder: Peter Schiff

Peter Schiff, Chief Market Strategist at Euro Pacific Asset Management, warns that selling U.S. gold to create a strategic Bitcoin reserve would be the “worst monetary mistake.” Speaking with Kitco News anchor Jeremy Szafron at the New Orleans Investment Conference, Schiff shares his 2025 outlook for the U.S. economy, including the potential effectiveness of Trump’s Department of Government Efficiency in tackling the nation’s debt crisis. He also provides his latest gold price forecast and thoughts on Bitcoin’s role in the financial system.

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00:00 Introduction
00:32 Russia-Ukraine Conflict and Its Impact on Gold
02:05 US Debt and Government Spending Concerns
05:09 Gold Market Analysis and Predictions
09:36 Bitcoin vs Gold
14:02 MicroStrategy and Bitcoin Investment Risks

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#debt #economy #gold
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