For the 2nd time, Paul Buitink talks to Peter Schiff, founder of Schiffgold. Peter explains why gold and silver have been rallying and why, despite a small pull-back at the moment, the rally isn't over. He is worried about US debt and the ever increasing deficits. He believes the US should default and not inflate away the debt, which is harmful for savers and will drag down the economy. He also criticizes the media for talking about bitcoin, not about gold, despite the record highs. Despite central banks buying Microstrategy, Peter still doesn't see value in Bitcoin. Central banks are just using a model that picks shares that have gone up, like that of Microstrategy. He believes BRICS are cooking up plans to move away from the dollar. The fact that a big summit took place in Russia this week is showing that Russia is far from isolated. Follow Peter and Paul on X here: /peterschiff /paulbuitink Peter's companies: https://europac.com/ https://schiffgold.com/ https://www.schiffsovereign.com/ https://schiffradio.com/ Timestamps 0:00 Intro 1:19 Why gold and silver are rallying 4:12 BRICS and gold 5:38 Media ignores gold, not Bitcoin 9:50 Outlook on the US economy, inflation, unemployment QE is coming 13:02 US elections 15:22 Allow defaults, accept the pain 17:08 BRICS building dollar alternatives 21:24 Honest default 26:35 Central banks buying Bitcoin 29:33 Outro
