Schiff w/ Horowitz: Gold Will Climb as the Dollar Fades

Last week, Peter joined Daniel Horowitz on the CR Podcast to lay out a clear, sweeping case for why gold is not merely a safe haven but the logical outcome of decades of monetary mismanagement. He walks through his long-standing gold forecast, why the dollar’s reserve role is unraveling, how bonds are signaling inflation, why tokenized gold beats Bitcoin, and why a collapse of today’s paper-economy is unavoidable.

He opens by reminding listeners of an old forecast that looked premature at the time but, to him, still proves prescient — and suggests the final move will be much bigger than many expect:

When I first started predicting five thousand dollar gold publicly it had, you know, gone above a thousand; it was like twelve hundred, fifteen hundred. Now, of course, I was making that prediction twelve, thirteen years ago and a lot of people gave me a lot of shit because it didn’t happen. Well, it’s happened now and, sure, I made the forecast very prematurely. I didn’t think back then that it would take this many years to get to five thousand, but the fact that it did take so long means that it’s going a lot higher than five thousand.

Next he explains why he thinks the United States has passed a point of no return — politically convenient inflation is the only path left, and the world is already shifting out of dollars and into gold and silver: