Gold Surge Signals Dollar Doom as Schiff Warns of Investor Poverty
Peter Schiff's dire warning echoes through markets as gold breaches $5,000/oz, leaving dollar holders exposed. The DXY's plunge to 96.9 confirms what commodity rallies have whispered for months - the greenback's hegemony is unraveling.
Central banks and institutions are voting with their balance sheets, converting reserves into bullion at record pace. 'This isn't inflation hedging,' observes a London-based metals trader. 'It's monetary regime change.'
Bitcoin's correlation with dollar weakness raises existential questions for crypto's supposed inflation hedge narrative. Meanwhile, copper and silver join gold in a commodities rebellion that's rewriting the rules of capital preservation.