Via SchiffGold.com, Peter Schiff recently appeared on Market Overtime with Oliver Renick for an interview. In their wide-ranging discussion, Peter speaks on monetary policy, the reliability of inflation data, and reasons to avoid Bitcoin. Contrary to the popular narrative, gold’s recent rise is not because of world conflicts. Inflation is the driving force behind the metal’s price action “This is just the beginning of a massive re-pricing of gold, and people aren’t even buying it yet.
” The omens of economic disaster remind Peter of warnings he made in the early 2000s “I kept warning about the mistakes the Fed was making, and the housing bubble, and the financial crisis that was going to hit when the bubble popped. People would say, ‘When, when, when’ Well, I don’t have a date. I just know that it’s going to happen. I can’t tell you exactly when. It’s the same thing now.