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Gold’s Shining Moment: From Portfolio Fuddy-Duddy to Must-Have
Gold has broken $4,000 an ounce, and suddenly the world is listening to Peter Schiff. For years, the chief economist and global strategist at Euro Pacific Asset Management was the perennial “gold bug,” warning of the dangers of fiat money, or government-issued currency not backed by gold or silver, but by trust and decree. Investors used to shrug him off, chasing digital assets and high-flying growth stocks like Nvidia and AMD, while Schiff obsessed over bullion. Now, with doubts mounting over Washington’s ability to manage its debt, his once-eccentric warnings feel eerily prescient. In a recent post on X, he ... (full story)