“This is just the beginning of a massive re-pricing of gold, and people aren’t even buying it yet. You have central banks buying, but investors aren’t even buying gold. Retail investors, the institutions— they’re not in the market at all. They don’t even understand why gold is rising. They’re attributing it to geopolitical risks, but it’s all about inflation. The key is that the markets have the inflation story wrong. The Fed rate hikes up to five and a quarter, five and a half, have not been nearly enough to put the inflation genie back in the bottle.”

“I’d say [inflation’s] at least double what the CPI is. So if the government claims inflation is two, it’s four. And when they claimed it was nine, it was probably 18. People are struggling. It’s a lousy economy. People’s real incomes have been eviscerated by inflation. They’re forced to work multiple jobs. They’re drowning in a mountain of debt, and we’re headed for a major disaster.”

https://www.zerohedge.com/crypto/halving-imminent-peter-schiff-says-bitcoin-has-no-value