Peter Schiff, chief economist at Euro Pacific Capital, has issued a warning regarding the Federal Reserve's resumption of stealth quantitative easing (QE) through a $40 billion monthly Treasury bond purchase program. This move is expected to reshape inflation expectations. Schiff highlighted the rise of silver above $66 per ounce as an indicator of monetary stress and supply-driven demand, projecting a potential target of $100 per ounce by 2026.
Schiff also expressed concerns about banking fragility and risks associated with debt auctions. As Bitcoin gains traction as a hedge against inflation, investors are increasingly turning to cryptocurrencies to protect against potential monetary policy missteps and regulatory measures aimed at countering the financing of terrorism.
Peter Schiff Warns of Fed's Stealth QE and Silver Surge
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