Video News/In Focus with Jeremy Szafron

Peter Schiff, Chief Market Strategist at Euro Pacific Asset Management, says the bond market is warning that U.S. debt dynamics are becoming increasingly difficult to manage. Speaking with Kitco News Senior Anchor Jeremy Szafron, Schiff argued that “hawks are extinct” at the Federal Reserve and said the central bank is unlikely to restore a credible 2% inflation target as fiscal pressures mount. Schiff warned that the U.S. could face a sovereign debt crisis before the end of the presidential term, with national debt potentially reaching $50 trillion. He also discussed silver’s breakout, arguing that its move to $125 was only the first stage of a larger bull market. Schiff said capital leaving overvalued technology stocks could rotate into precious metals and miners, while tokenized gold may eventually serve as a practical medium of exchange.