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Via SchiffGold.com,

Peter recently appeared on Market Overtime with Oliver Renick for an interview. In their wide-ranging discussion, Peter speaks on monetary policy, the reliability of inflation data, and reasons to avoid Bitcoin.

Contrary to the popular narrative, gold’s recent rise is not because of world conflicts. Inflation is the driving force behind the metal’s price action:

As the media and policymakers begin to question the feasibility of a 2% inflation target, their preferred measures of inflation are probably not as accurate as they should be:

Lurking under the economy’s surface are decades of residual damage from artificially low-interest rates, especially in the housing and banking sectors:

The omens of economic disaster remind Peter of warnings he made in the early 2000s:

Pivoting to the crypto vs. gold debate, Peter argues gold’s value stems from non-monetary uses that Bitcoin lacks:

He thinks Bitcoin’s recent highs are driven by ETF hype, perhaps a prime example of the “greater fool” theory:

Bitcoin and gold are categorically different assets, and investing in Bitcoin is a risky bet:

Be sure to check out Peter’s other recent interview on Fox Business, and stay tuned for Peter’s response later this week to Jerome Powell’s remarks made on Tuesday, April 16th.