In his opinion, the monetary policy of the US Federal Reserve creates ideal conditions for inflation in the country, which will lie on the shoulders of different layers of American society. As a result of this policy, the US dollar will lose ground.
Peter Schiff does not recommend buying assets that are based on the American dollar. However, he sees good prospects in the shares of gold mining companies. But such an investment is considered very risky, so it is not suitable for everyone. He also suggests paying attention to stocks of those countries that have stable national currencies.
In his reasoning, the analyst proceeds from the fact that the US dollar will lose its status as the world's leading currency. Instead, gold will come first as a reserve currency. In the financial world, he will have a new function.