- β’
Hedge against inflation - Schiff argues that the US dollar is being systematically devalued through intentional government policy, making gold the essential asset for preserving purchasing power during a currency crisis.
βInflation is a tax that the government imposes on the people without ever having to pass a law.β
- β’
Differentiate value from speculation - He maintains that Bitcoin lacks intrinsic utility and remains a speculative bubble, whereas gold has a multi-millennial track record as a proven store of value and industrial commodity.
- β’
Anticipate a massive wealth transfer - The current economic trajectory is shifting wealth from savers and dollar-holders to the government and debtors, necessitating a move into tangible, non-fiat assets to survive the transition.
βInflation is a tax that the government imposes on the people without ever having to pass a law.β


