‘The world is going back to a GOLD STANDARD as the US dollar is about to collapse’ – Peter Schiff

[Enigma SIG]

https://www.rt.com/business/495482-gold-standard-return-dollar-collapse/

As the world grapples with Covid-19, precious metals’ prices are pushing higher. Massive moves in gold and silver are coming, according to veteran stockbroker Peter Schiff.
He says silver may hit $50 per ounce. The rally will be short-lived, however, with Schiff describing the metal as “the new bitcoin.”

The rise in gold and silver price is “about to explode” and this is just the beginning of a much bigger move, according to Schiff.

“We’re barely getting started,” the CEO of Euro Pacific said in his podcast. He explained that is also coinciding with what’s happening to the US dollar, because gold is the greenback’s “principle competitor” when it comes to reserve assets.

“The US dollar is about to collapse and when it does, gold is going to take its place. The bottom can drop out of the dollar any day, and gold could go through the roof any day. So, this is a real race and you have to get out of the dollar before it’s too late,” Schiff said.

The yellow metal “will resume its role at the center of the monetary system,” and “the world is going back to a gold standard whether the Federal Reserve wants it or not.”

And that could happen as soon as this year or the next, according to Schiff.

 

[BHAN85]

First you will see a WWIII before than dollar collapsing.

 

[Enigma SIG]

First you will see a WWIII before than dollar collapsing.

Maybe. Writing's on the wall though. Aggressive posturing by the US is putting it into a tight corner. A war might just be the final nail in the coffin for the USD.

 

[Yaseen1]

israeli jews have took control of most of gold reserves and they promoted all others to use paper money like usd,now they want to replace u.s with israel as top power and will ditch u.s dollar so it becomes easy for them to lead world,dajjal arrival is near once paper money collapse and people become dependent on him for wealth,u.s cannot do anything as they are made blind by zionists to recognize their true enemy,they are considering china as enemy but real enemies are sitting inside u.s and are controlling powerful positions with help of gogg and magog

 

[Sleepy Cat]

Nah, USA has far too much debt to experiment with anything else right now, and digital Yuan is gaining more support to take its place. USA is far behind in digital currency race anyway.

 

[Enigma SIG]

israeli jews have took control of most of gold reserves and they promoted all others to use paper money like usd,now they want to replace u.s with israel as top power and will ditch u.s dollar so it becomes easy for them to lead world,dajjal arrival is near once paper money collapse and people become dependent on him for wealth

Gold is the defacto standard. You wouldn't otherwise have western countries looting and plundering the yellow metal by any means necessary.

Venezuela files legal claim with Bank of England over gold

Venezuela has launched legal proceedings against the Bank of England to try to force it to release €930m ($1bn; £820m) worth of Venezuelan gold.

The gold is being retained following British and US sanctions on Venezuela.

 

[Yaseen1]

it is true that gold is best but at present no country controls gold price except these zionists and they had crippled whole world economy,now it seems that poor countries which already not have enough gold and depended on dollars will suffer as they had not prepared for this situation

Gold is the defacto standard. You wouldn't otherwise have western countries looting and plundering the yellow metal by any means necessary.

Venezuela files legal claim with Bank of England over gold

Venezuela has launched legal proceedings against the Bank of England to try to force it to release €930m ($1bn; £820m) worth of Venezuelan gold.

The gold is being retained following British and US sanctions on Venezuela.

 

[Chhatrapati]

Another day, another "Dollar going down" news. Started around 2k12 -13.

 

[Genghis khan1]

Dollar isn’t going anywhere. Dollar is the reserve currency for petro trade. As long as there is US 5th fleet stationed at Habibis door Step, and Habibis Trillion dollar Invested into Western (mostly US) stock market. Status quo will not change.

 

[Enigma SIG]

Dollar isn’t going anywhere. Dollar is the reserve currency for petro trade. As long as there is US 5th fleet stationed at Habibis door Step, and Habibis Trillion dollar Invested into Western (mostly US) stock market. Status quo will not change.

World's changing fast and a war might just be around the corner.

 

[Genghis khan1]

World's changing fast and a war might just be around the corner.

Currently, No country can challenge US. Let aside the whole NATO. Russians are financially crippled by US geopolitics. Chinese are feeling the heat now.

 

[Enigma SIG]

Currently, No country can challenge US. Let aside the whole NATO. Russians are financially crippled by US geopolitics. Chinese are feeling the heat now.

It is actually the other way round. US is pushing for a war not China. You can tell who is being insecure.

 

[Genghis khan1]

It is actually the other way round. US is pushing for a war not China. You can tell who is being insecure.

US is pushing because it’s can. US needs to show the world that he is the sheriff in town. That’s how US obtain favorable Deals.

 

[Taimoor Khan]

Start mining this shit ASAP on war footing. Gold is at all time high. Been saying this for years.

 

[Enigma SIG]

US is pushing because it’s can. US needs to show the world that he is the sheriff in town. That’s how US obtain favorable Deals.

This implies that the US is a bully nothing more.