Economist and gold advocate Peter Schiff has sent a stern warning to markets, arguing that the US dollar is approaching a dangerous breakout threshold. According to Schiff, a permanent depreciation scenario could shake the pricing of a wide range of assets, from Treasuries to global assets, and drive down household living standards. In his posts on the He described the upcoming period as “the biggest economic crisis of our lifetime.”
As the dollar’s safe haven claim is shaken, the risk of a sell wave grows
Schiff described the recent movements in the foreign exchange markets as an “early warning” in his X posts dated December 22, 2025. Stating that the US dollar fell to its lowest level in 14 years against the Swiss franc, the analyst reminded that the record low is less than 1 percent away. According to his own reading, this chart could herald a broader dollar selling wave in the future.
According to the analyst, the possible solution will not be limited to the exchange rate screen. While high inflation, rising long-term interest rates and a weakening US economy are simultaneously in play, the break in the “safe haven” perception may create re-pricing pressure on bonds. Schiff suggested that this chain could turn into a wave that could also affect global markets and risky assets.
Gold-centered new balance debate under inflation and debt pressure
In his assessment dated December 21, Schiff stated that current interest levels do not seem sustainable under the increasing debt burden and low savings rates. Emphasizing that the balance has become more fragile with the weakening of the reserve money role, the economist wrote that public finance is having difficulty withstanding the high interest rate environment.
In another post dated December 19, 2025, he claimed that central banks increased their gold purchases against the expected loss of value in dollar reserves. Schiff argued that gold has effectively assumed the role of the new safe haven and that the official sector has shaped its position within this framework.
In his messages dated December 16, 2025, Schiff said that the US economy was “on the verge of the greatest economic crisis of our lifetime.” In his scenario, strong increases in gold and silver could push up consumer prices and unemployment; As the dollar loses value, it may become more expensive for unemployed Americans to access basic needs. Schiff stated that there may be pressure on stocks, Treasury bonds and the cryptocurrency market at the same time, and suggested that daily life may enter a harsh adjustment period as well as portfolios.
