Video News/

Michelle Makori, Lead Anchor and Editor-in-Chief at Kitco News, interviews Peter Schiff, chairman of SchiffGold and founder & chief market strategist of Europe Pacific Asset Management. Schiff warns the Federal Reserve is about to make its next big mistake as it effectively surrenders its fight against inflation and sacrifices the U.S. dollar. He points out that the dollar's days are numbered as the global reserve currency. Schiff adds that the de-dollarization trend can be vastly accelerated depending on who wins the next election, potentially sending gold to $10,000 an ounce. He analyzes the U.S. labor market, inflation, and the upcoming moves by the Fed. Schiff also discusses the scenario of an eventual return to a gold standard and shares his updated gold price forecast. This video is brought to you by Goldback --- Inflation-resistant, 24K gold currency. Protect your purchasing power, grow your wealth annually, and spend at over 2,000 businesses. Learn where to get Goldbacks at https://www.goldback.com/