Peter Schiff is an American stock broker, financial commentator, and radio personality. He is CEO and chief global strategist of Euro Pacific Capital Inc., a broker-dealer based in Westport, Connecticut.
We discussed the latest ructions of the markets, whether we need Central Banks, and of course the role of gold in the financial system ahead.
Bestselling author and economic forecaster Harry Dent will debate Peter Schiff, American stockbroker, financial commentator, radio personality and the leading gold bug in the US in the ECONOMIC GLOBAL CRISIS DEBATE live online at 11am Tuesday 7th December 2021 with free registration at www.greatdebate2021.com
Both Harry and Peter agree there will be a major financial collapse in 2022however Peter says gold will skyrocket and the US dollar will go down like a hot knife through butter after the imminent biggest market crash in history. Dent argues that gold has no currency value and disagrees about the US dollar going down. He challenges people to take a gold coin to a grocery store and try to buy something with it. Since gold doesn’t circulate throughout the economy, he believes this to be one reason its price will crash.
Safe havens to invest? Dent believes US treasury bonds and quality bonds will become the new safe haven after the economic downturn while Peter sees Gold as the ultimate safe haven.
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