Peter Schiff predicts gold could skyrocket to $100,000 an ounce. Here’s why — and how you can capitalize

Core Viewpoint - Peter Schiff predicts that the price of gold may continue to surge, with a significant increase already observed from $2,652 per ounce in October 2024 to $3,995 a year later, marking a 46% rise [1]. Group 1: Gold Price Forecast - Schiff forecasts that gold could potentially reach prices as high as $100,000 per ounce, representing an upside of over 3,700% from current levels [2]. - He emphasizes that the value of gold is not changing, but rather the dollar's value is decreasing due to excessive money printing [2]. Group 2: Economic Context - Schiff attributes his bullish outlook on gold to the risks associated with excessive money printing and inflation, suggesting that the dollar will lose significant value [3]. - Gold is viewed as a hedge against inflation, as it cannot be printed in unlimited quantities like fiat currency, making it a "safe haven" asset during economic or geopolitical uncertainty [4]. Group 3: Investment Options - Investors can consider gold IRAs, which allow for holding physical gold or gold-related assets within a retirement account, combining tax advantages with the protective benefits of gold investment [5].