Schiff on Auctus Edge: The Dollar’s End Means a Gold Rush

Last week, Peter joined Patrick Vierra on The Auctus Edge to lay out how the era of cheap credit and easy living is ending and why that shift is driving gold and silver. He connects rising global yields, renewed quantitative easing (QE), and the political risks that follow a collapsing dollar to explain why sound money looks more attractive than ever.

He starts by summing up how America got into its economic predicament:

You know, we had a good thing going, although it was unsustainable, but we had a ride on the global gravy train. And, you know, that enabled Americans to live beyond our means. We had higher asset prices and lower consumer prices. We didn’t have to save, yet we still had low interest rates. And all that’s coming to an end.

Peter frames that ride as fundamentally unsustainable: cheap imports, low rates, and rising asset prices masked the real cost of living and undercut incentives to save. With that myth unraveling, he says, people begin to rethink the safety of holding dollars and start looking for real stores of value: