Peter Schiff: the buck is heading for bust

America is slipping into a recession and yet everybody is blind to it.

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Peter Schiff, chief executive of Euro Pacific Capital

The US economy is headed for "the biggest bust ever", Euro Pacific Capital's CEOPeter Schiff told Kitco News last week. People are oblivious to signs that the USeconomy is slipping into recession, says Schiff. "As this reality rears its head, gold prices are going to start to rise" and the dollar "is going to fall into a vacuum... the only buyer is going to be the Federal Reserve". The resulting inflationary environment could create "the perfect storm for gold".

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Alice grew up in Stockholm and studied at the University of the Arts London, where she gained a first-class BA in Journalism. She has written for several publications in Stockholm and London, and joined MoneyWeek in 2017.