No one believes the cries of the "boy who cried wolf." I, too, usually ignore Peter Schiff's words. He's been dismissive of Bitcoin as a fraud, nitpicking on booming tech stocks, and constantly spewing pessimism, often dismissed by the market as a "broken clock." But let's face it: Schiff was right this time. The current market is unfolding exactly as he predicted.
The prices of gold and silver are skyrocketing. This should not be dismissed as mere speculative manipulation. This is a chilling warning to the heart of our economic system, a silent scream from the market.
Let's think about it logically. Investors are currently selling off US Treasuries, considered the safest bonds in the world, like worn-out shoes . They're abandoning government bonds, which regularly yield interest, and fleeing to gold, a "zero-yield asset." This bizarre phenomenon is unfolding. It's a paradox that defies capitalist logic. It's a truly frightening signal that investors are choosing preservation over yield.
Schiff's diagnosis is clear. The problem isn't the rising price of gold. The essence is that gold is soaring "at the moment the US national debt explodes." The US government is printing astronomical amounts of bonds to repay its debt, but the market has lost the capacity to accept them. Or, perhaps it's more accurate to say it has lost the will. Market participants have declared a "withdrawal of confidence" in the dollar and government bonds, the reserve system.
The market's eyes are sharp. The cold-blooded calculation is that "to service the snowballing debt, we will ultimately have no choice but to devalue our currency." The bills for the "liquidity party" we've reveled in for the past decade are starting to pile up.
So what should we do? The answer is clear: we must abandon inertia to survive.
First, we need to rewrite the definition of "safe assets . " The equation of "US Treasury bonds = risk-free" has been broken . The surge in gold and silver demonstrates a massive shift of funds toward "hard assets" where the issuer is not at risk. Relying solely on a portfolio based on paper currency could lead to disaster.
Second, we need to look beyond the "mouths" of experts to the "feet" of money. This is no time to be swayed by the noise of Bitcoin's survival. Big capital has already stopped playing the profit game and retreated into the bunker of "value preservation." Opposing this massive money movement is reckless.
Third, we must prepare for a harsh sifting through the wheat and chaff . The days of borrowing money to invest and guaranteeing a rise are over. Insubstantial thematic stocks will fall like autumn leaves, and only assets with proven scarcity and trust will survive.
Precious metals are usually silent, but in moments of crisis, they scream out the truth. Now, that scream resonates like a siren. If we ignore the message because we dislike the messenger, we will be helpless in the face of the impending, massive tidal wave. It's time to wake up.
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