economy

January 30, 2026

Schiff on Fox Business: Gold Soars as the Dollar Falters

"We are headed for an economic crisis, again, that will make the 2008 financial crisis look like a Sunday school picnic."

Schiff on Fox Business: Gold Soars as the Dollar Falters

TL;DR

  • The U.S. government's continuous accumulation of promises and liabilities is a primary driver of economic risk.
  • The U.S. dollar is at a four-year low against the Swiss franc and an all-time record low overall.
  • Consumer confidence has fallen to a 12-year low.
  • Current signals from gold and silver mirror those seen before the 2008 crisis, suggesting a larger impending collapse.
  • The predicted crisis will be primarily domestic, not a global event, and is expected to be significantly worse than the 2008 financial crisis.
  • Precious metals and mining stocks are suggested as hedges against policy-driven risks.

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