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Economist Warns of Dollar Collapse, Gold as Potential Replacement

Economist Warns of Dollar Collapse, Gold as Potential Replacement

Author:

Global Cryptocurrency

Published:

2026-01-29 10:51:01

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Peter Schiff, a prominent economist, has issued a stark warning about the impending collapse of the US dollar, predicting it will be "replaced by gold" as the world's primary reserve asset. His analysis suggests the fallout will dwarf the 2008 financial crisis, with structural flaws in the US economy accelerating the dollar's decline.

Central banks worldwide appear to share Schiff's skepticism, doubling gold purchases to over 1,000 tonnes annually since 2022. This institutional shift coincides with gold breaching $5,000 per ounce—a rally even drawing rare commentary from JPMorgan's traditionally gold-averse CEO Jamie Dimon.

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