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Selling Gold to Fund Bitcoin Reserve Would Be a Monumental Blunder: Peter Schiff
Peter Schiff, Chief Market Strategist at Euro Pacific Asset Management, warns that selling U.S. gold to create a strategic Bitcoin reserve would be the “worst monetary mistake.” Speaking with Kitco News anchor Jeremy Szafron at the New Orleans Investment Conference, Schiff shares his 2025 outlook for the U.S. economy, including the potential effectiveness of Trump’s Department of Government Efficiency in tackling the nation’s debt crisis. He also provides his latest gold price forecast and thoughts on Bitcoin’s role in the financial system.
This video is brought to you by:
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00:00 Introduction
00:32 Russia-Ukraine Conflict and Its Impact on Gold
02:05 US Debt and Government Spending Concerns
05:09 Gold Market Analysis and Predictions
09:36 Bitcoin vs Gold
14:02 MicroStrategy and Bitcoin Investment Risks
Follow Jeremy Szafron on X: @JeremySzafron (https://x.com/JeremySzafron)
Follow Kitco News on X: @KitcoNewsNOW (https://x.com/KitcoNewsNOW)
Follow Peter Schiff on X: @PeterSchiff (https://x.com/PeterSchiff)
#debt #economy #gold
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Disclaimer: The videos are not intended to provide trading advice, and the views expressed do not necessarily reflect those of Kitco Metals Inc. Kitco News, its anchors, producers, and reporters are not responsible in any way for the performance or actions of any sponsor, advertiser or affiliate of Kitco News. In no event will Kitco and its employees be held liable for any indirect, special, incidental, or consequential damages arising out of the use of the content in this video.
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