Recession, Gold and the Dollar

Published on
April 25th, 2019
11 minutes

Recession, Gold and the Dollar

Gold ·
Featuring Peter Schiff

Published on: April 25th, 2019 • Duration: 11 minutes

Peter Schiff, CEO of Euro Pacific Capital, talks with Brent Johnson, CEO of Santiago Capital, about the interaction between the dollar and gold. Schiff predicts that the Federal Reserve will ultimately have to decide between saving the dollar from hyperinflation and bailing out the U.S. government. In either case, gold is positioned to be a safe haven for investors should the worst come to pass. This video is excerpted from a piece published on Real Vision on October 20, 2017.



  • FC
    FRED C.
    29 April 2019 @ 19:40
    Hasnt peter been saying the same thing for a bunch of years and been wrong/early... the fed has prevented armageddon and cost a lot of folks a lot of money........and gold has been in a range....... what is the catalyst that we havent heard before...........?
    • BC
      Burton C.
      2 May 2019 @ 01:59
      No the FED has not prevented armageddon... they have only deferred it while making it worse once it arrives
    • PL
      Prince L.
      2 August 2019 @ 09:14
      Now, just about 3 month had passed since you made this comment, and I just wanted to comment to point out the irony here. Good day to you too sir.
    • MW
      Marcus W.
      23 August 2019 @ 07:14
      Spot on Fred, I used to follow Schiff back in 2008 for a few years but it's all about getting clients into his gold or silver fund. He launched his Silver fund at $42 and pushed it flat out. A month later it was.... well the rest is history. There are so many points he tries to make that are simply false which is only because he's sticking with his narrative. I welcome this video however as it makes me realise what I've learnt in the past 10 years and that people have different motives. I look at the date of the upload and it's April 25th 2019 and not people will not lose deposits. The fed will not raise rates. No the dollar won't weaken. All of this is false. It's just so that people should own... gold, silver, and get out of the... "banking system". 11 minutes of this video was more than enough however like I said I welcome all points of view. But doesn't everything Raoul negate everything Schiff says. The market is already telling us Schiff has the blinkers on yet again simply because of that ... narrative he needs to push. I have to love being a Macro guy as you can see through all this.
    • AB
      Alastair B.
      20 July 2020 @ 11:45
      July 2020 now. Schiff was right again
  • BP
    Brett P.
    12 May 2019 @ 03:49
    Please more Schiff!
  • RG
    Raymond G.
    30 April 2019 @ 10:59
    More schiff
    • BC
      Burton C.
      2 May 2019 @ 01:58
      Absolutely... also Liston to his podcasts 2-3 times a week
  • JF
    Jennifer F.
    29 April 2019 @ 01:24
    Excellent and so succinct. Would love to see a longer interview of Peter. Love his approach and lack of apology for his beliefs.
  • PP
    Patrick P.
    29 April 2019 @ 01:11
    Schiff is a very unique human being ...... most people of his caliber would not share their knowledge as he has done for free. What he knows about the economy and the constitution puts him in class by himself. Peter I have listened to everyone of your podcast....while you have been early in all of your predictions have been spot on with the results. Viewers who pay for Real Vision and then don't listen to Peter's free podcasts are making a mistake. Both are worth the effort.
  • NI
    Nate I.
    28 April 2019 @ 21:36
    Peter Schiff is a great American. I wish RV would have given Peter more than 11 minutes. With the possible exception of Rand Paul and his dad, Peter has forgotten more about the Constitution than what is collectively known by nearly all sitting US politicians. I greatly admire Peter's commitment to freedom, free markets, sound money, capitalism, etc. and I share his views on those things. I believe Peter will ultimately be right about gold, the dollar, etc. but I think it will be a very long slow grind getting there. Consider that the decline of Rome took roughly a couple hundred years. I would encourage everyone to compare Peter's thinking to that of Dr. Hunt at Hoisington. The Hoisington quarterly reviews are free and on-line for everyone to read. Similar end-game, but very different timing and interim outcomes. I also suggest owning physical gold versus an ETF. As Simon Mikhailovich correctly points out, owning an ETF like GLD is a bit like plugging your backup generator into the power grid. Just when GLD begins to shine, a crisis will be likely be unfolding. With so much counter party risk (broker, trust, custodian(s),...) there is a good chance that GLD holders incur significant losses in a crisis. It's common sense to keep your insurance independent of the risk you are insuring.
  • DN
    Douglas N.
    28 April 2019 @ 13:22
    That was fkn awesome!
  • MT
    Morgan T.
    26 April 2019 @ 07:46
    This conversation could have been 5 hours long, MORE BRENT AND SCHIFF
  • DM
    Davis M.
    25 April 2019 @ 18:21
    Timely release with DXY breaking out higher and above 98. Is there a scenario where BOTH gold and dollar go up at the same time during the short term before the Fed starts adding zero to the benjamins? Have enjoyed both Peter and Brent over the years. 2019 could be the year things really start happening. As Lenin said "sometimes decades go by and nothing happens and sometimes weeks go by and decades happen."
    • PB
      Paul B.
      26 April 2019 @ 01:04
      Definitely possible, both Gold and DXY have been rising at the same time recently, as many countries hold debt in USDs and need to obtain more USDs to pay their debts. Turkey, Argentina, other EMs, etc.
    • DH
      Daniel H.
      26 April 2019 @ 01:48
      Brent explained to me that both can rise together if other currencies are devaluing relative to the dollar and we are devaluing relative to gold. I would not be surprised if that happened.