‘Bottom About to Drop’: Peter Schiff Predicts US Dollar Plunge Could Ignite Commodity Surge

CN
4 hours ago

Economist and gold advocate Peter Schiff shared on social media platform X on Feb. 11 that the U.S. dollar is nearing a sharp decline, predicting surging gold, silver, oil, and commodity prices, and urging investors to move capital from American assets into foreign markets.

He said:

“The bottom is about to drop out of the U.S. dollar. This will send already high gold and silver prices soaring, but also cause sharp increases in commodity prices in general, especially oil.”

“This will also accelerate the trend to sell America and invest in foreign stocks instead,” the gold advocate added.

Schiff attributed this outlook to persistent inflation, expanding federal debt, and global de-dollarization. He argued that rising commodity prices will intensify cost burdens for U.S. consumers while shifting the “economic boom” to resource-producing foreign markets, particularly those tied to energy and industrial output.

While many analysts maintain that the dollar continues to dominate global trade and finance, Schiff’s remarks highlight concerns that structural imbalances could eventually drive significant adjustments across currencies, commodities, and international equity markets.

In a separate post on Feb. 9, he predicted: “Those investors who ‘sell America’ will likely achieve far superior investment returns than those who remain invested in U.S. financial assets.” Schiff opined:

“Ditching the dollar will create an economic boom outside the U.S., but will result in an economic bust within.”

The economist has consistently warned about the collapse of the U.S. dollar, grounding his thesis in the “unsustainability” of federal debt and aggressive monetary expansion. Known for identifying the 2008 housing bubble before the crash, Schiff has used that track record to argue that subsequent Federal Reserve policies have created even larger “artificial bubbles.” He maintains that by “kicking the can down the road” through money printing and deficit spending, the U.S. has entered a sovereign debt crisis that will eventually force a global rotation out of dollar-denominated assets and into hard assets like gold and silver.

  • Why does Peter Schiff believe the U.S. dollar will decline?
    He cites persistent inflation, expanding federal debt, and global diversification away from dollar-denominated assets.
  • What assets does Peter Schiff expect to surge if the dollar falls?
    He predicts gold, silver, oil, and broader commodity prices will rise sharply.
  • Why does Schiff urge investors to sell America and buy foreign stocks?
    He argues foreign equities could deliver superior returns as capital rotates out of U.S. financial assets.
  • How could a weaker dollar impact the U.S. economy?
    Schiff says ditching the dollar could trigger an economic bust within the United States.

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