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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.
“Inflation is a tax that the government imposes on the people without ever having to pass a law.”
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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.
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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.
“Inflation is a tax that the government imposes on the people without ever having to pass a law.”