2025 could see a US dollar crisis, crashing the economy and sending consumer prices and long-term interest rates soaring, says Peter Schiff
stock market crash, that could send the valuation of the currency for a toss, if America's top economist Peter Schiff's latest statements are considered. Long-term interest rates could also see major rise, which can directly and indirectly lay an effect on loans as well as consumer prices in the coming days, according to Schiff. Is 2025 going to bring in some major shockers for the US markets?
US dollar could be in danger this 2025
The US dollar is already lying in a rather precarious position in recent days, and was previously at rock bottom based on the severe recession a couple of months before. However, with inflation levels back to nominal lines, it is trying to stabilize for the time being. However, Schiff is of the opinion that a major dollar crisis could be on the cards, that could send the US economy crashing. Even though Fed Chairman Jerome Powell has claimed that the US economy is on a course correction period, and the inflation levels are normalizing, there are severe worries about what the next year could bring to the US markets.
Gold could be a viable option, says Schiff
Peter Schiff is currently of the opinion that US investors should opt for gold, or buy gold bullions amid the current market scenario. Precious metal could make up for the economy at this point, and even owning shares of gold mining companies could be a wise decision for now.
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Is gold a good investment right now? Gold can be considered as a solid investment asset at this point for US investors as major economists are of the
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