Schiff w/ Diesen: Gold’s the Real Winner

In Peter’s latest interview with Glenn Diesen, Peter lays out why he sees gold as the clearest signal of failed monetary and fiscal policy and why mainstream economic statistics mislead the public. He takes aim at GDP and the CPI (Consumer Price Index), warns that the Fed is primed to monetize debt again, and explains why Bitcoin’s value is ultimately a faith-based bet. He closes by pitching managed strategies that he says are built for a weak dollar and rising commodity prices.

Peter opens by reminding listeners that gold’s long run performance speaks louder than political spin and that he has been recommending it for decades:

Yeah, well, it’s easy to explain it because I’ve been forecasting it for years. When I first started recommending it to my brokerage clients at Euro Pacific Capital, gold was around 300, a little bit cheaper. So it’s more than 10X from there. It’s actually done better than the S&P 500 over the course of the past 25 years or so. And that’s a reflection of the bad monetary policy and fiscal policy of the United States government that has been destroying the value of our currency.

He next ties public sentiment about the economy to lived experience rather than political narratives, arguing that presidents get credit or blame regardless of the mechanics behind growth: