Euro Pacific Asset Management's Chief Economist and Global Strategist Peter Schiff has issued a stark warning about the future of global currency dynamics, predicting that gold will replace the US dollar as the primary central bank reserve asset. Schiff, who also serves as Chairman of SchiffGold.com, believes this transition will end the dollar's hegemony and trigger what he describes as a "historic economic collapse."

Schiff's Bold Prediction

"King dollar's reign is coming to an end. Gold will take the throne as the primary central bank reserve asset. That means the US dollar will crash against other fiat currencies, and America's free ride on the global gravy train will end. Prepare for a historic economic collapse," Schiff stated in a recent tweet. The economist, known as a strong proponent of precious metals, also noted that investors who previously avoided buying gold while expecting price declines are now accepting that the current rally appears sustainable.

Gold's Historic Performance

Schiff's comments coincided with gold's breakthrough performance, as the precious metal breached the $4,500.00 mark for the first time in history. Current market data shows the following price movements:

The remarkable performance has been attributed to multiple factors including safe-haven demand, increased buying by central banks, and rupee weakness affecting domestic markets.

World Gold Council's Assessment

The World Gold Council has characterized 2025 as delivering gold's best-ever returns, describing the rally as "remarkable." The organization reported that gold achieved over 50 all-time highs during the year as of December 4. Looking ahead to 2026, the WGC suggests that gold's future performance will largely depend on ongoing geo-economic uncertainty and macroeconomic conditions.

Market Outlook and Scenarios

The World Gold Council outlined several potential scenarios for gold's performance in 2026. If current macroeconomic conditions persist, gold prices may remain rangebound, reflecting consensus expectations. However, the organization anticipates continued market surprises similar to those witnessed this year. In scenarios where economic growth slows and interest rates decline further, gold could experience moderate gains. Conversely, successful implementation of policies by the Trump administration could accelerate economic growth and reduce geopolitical risks, potentially leading to higher interest rates, a stronger US dollar, and downward pressure on gold prices.

Robert Kiyosaki, the renowned author of Rich Dad Poor Dad, has weighed in on one of the most pressing questions facing precious metals investors today: whether it's too late to buy silver after its extraordinary performance in 2025. With silver prices hitting a record high of $78.53 per ounce and emerging as the undisputed star of 2025, Kiyosaki's perspective offers crucial insight into the ongoing debate surrounding the precious metal's rally.

Kiyosaki's Market Outlook

In a recent post on X (formerly Twitter), Kiyosaki directly addressed the question that many retail investors are asking. When posed with "Is it too late to buy silver?", his response was measured: "It depends." He explained that investors who believe silver is at an all-time high might consider themselves too late to the party.

However, Kiyosaki's personal view differs significantly from this cautious stance. The financial commentator expressed his belief that the current price action represents just the beginning of silver's potential upward movement. "I believe silver is just getting started," he stated in his social media post.

Price Predictions and Latest Performance

Kiyosaki shared his bold prediction for silver's future trajectory, suggesting the precious metal could trade within a $70-$200 range by 2026. His outlook presents the following scenario:

According to latest market data, silver jumped by 9.00% to hit its record high, with the rally bolstered by various factors including market deficit and increasing industrial demand. The precious metal's latest surge is also buoyed by renewed hopes of a US Federal Reserve rate cut.

Silver "Hotter Than Gold"

In a follow-up post, Kiyosaki expressed even greater enthusiasm for silver's prospects. "Happy New Year.... smart silver stackers. Your patience has paid off. Now we get richer. Happy 2026. Silver is hotter than gold," he wrote, highlighting that silver is set to break the $80 per ounce mark.

Investment Philosophy and Approach

The Rich Dad Poor Dad author emphasized the importance of independent research and critical thinking in investment decisions. Rather than providing direct investment advice, Kiyosaki encouraged followers to conduct their own due diligence. He specifically recommended exploring various perspectives on platforms like YouTube to understand both the pros and cons before making investment choices.

Kiyosaki's personal investment journey with silver spans nearly six decades. He revealed that he began accumulating the precious metal in 1965 when it traded for less than $1.00 per ounce and continues to purchase silver even at current elevated price levels of over $70.00 per ounce.

Educational Approach to Wealth Building

Central to Kiyosaki's message was his philosophy on wealth creation through education and experience. "The best way for you to get richer is to do your own research... Start small... Then your wealth will be in your head and in your hands," he wrote. According to Kiyosaki, true wealth accumulation occurs when investors develop both intellectual understanding and practical experience.

Key principles from his approach include:

• Starting with modest investments to minimize risk while learning
• Viewing mistakes as educational opportunities rather than failures
• Developing independent thinking rather than relying solely on external advice
• Building wealth through continuous study and practical application

Kiyosaki emphasized that even making mistakes makes investors "richer than a person who just lets people tell them what to do." He advocated for people to study and learn from their own mistakes, wins and losses, as this creates truly rich individuals.

Industry Expert Perspectives

Kiyosaki's bullish outlook aligns with other industry experts. Keith Neumeyer, CEO of First Majestic, has suggested that silver prices could hit the $100.00 mark or even reach as high as $130.00 per ounce. At an event in 2020, Neumeyer stated, "I've been calling for triple-digit silver for a few years now, and I'm more enthused now," though he noted being "cautiously enthused" as he expected the move to happen sooner.