Peter Schiff: Fed Will ‘Wipe Out’ Many Investors; Gold to Return as Reserve Currency

from Kitco NEWS

The Federal Reserve is going to create an inflationary environment that is like a tax that will hurt society on all levels, and this is what investors need to do to avoid wealth erosion, says Peter Schiff, CEO of Euro Pacific Capital.

In this interview, Schiff comments on the risks of holding dollar-denominated assets and what investors should be buying instead.

0:16 – Moderna and vaccine trial results
1:33 – Federal Reserve’s mistakes
2:53 – Can we return to “normal” again?
4:21 – U.S. dollar
5:22 – Where is inflation really at right now?
8:37 – Should governments bail out businesses?
10:16 – Government’s response to pandemic
12:38 – Trump’s chances of re-election
15:31 – What should investors buy?
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