Predicted the 2008 Crisis: Famous Economist's New Prophecy for Gold

Dilara Şimşek
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Peter Schiff, an economist renowned for his prophetic prediction of the 2008 global crisis, has shared his alarming new scenario that could shake the markets. As gold prices continue their record-breaking climb, Schiff has revealed his unsettling forecast regarding the dollar. He stated, 'The US dollar will collapse, and gold will take its place.' According to this esteemed economist, the rapid rise in gold prices is a harbinger of a new crisis. Schiff further claims that this impending crisis will be even greater than the one experienced in 2008.

Renowned economist, who is well-known for predicting the 2008 crisis, has a fresh prophecy for gold and the dollar.

Having concluded the year 2025 with record-breaking highs, gold has reached its historical peaks in the new year as well. The global markets were shaken as the price of an ounce of gold surpassed $5,600. Peter Schiff, a renowned U.S. economist who experienced the 2008 economic crisis, unveiled a frightening doomsday scenario. Schiff noted that the rise in gold and silver prices, coupled with increasing inflation and indications of the dollar's depreciation, signaled the approach of a new economic crisis. The distinguished economist pointed out the dependency of the U.S. economy on foreign resources. Predicting a collapse as the dollar loses its status as the global reserve currency, Schiff stated, 'The world is now pulling the rug out from under the U.S. The dollar will collapse and gold will take its place.'

"A looming crisis is on the horizon. This one promises to overshadow the crisis of 2008."

Known as the 'economic prophet' for his foresight of the 2008 economic crisis, Peter Schiff has put forth the claim that a new crisis is on the horizon. Schiff has asserted that the rapid rise in gold prices is a harbinger of an impending deep crisis, one that will overshadow the 2008 crisis.

Emphasizing that the anticipated crisis could hit by the end of this year or in 2027, Schiff stated, 'The prices of gold and silver are signaling early warnings of increasing inflation and the depreciation of the dollar.'

Schiff, who had accurately predicted the 2007 mortgage crisis, noted that the current happenings in the global markets bear a resemblance to the past.

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