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, is facing intense criticism for his contradictory stance on silver investments. The financial commentator who recently declared his love for silver at current elevated prices had advised his followers to sell the precious metal for Bitcoin just eleven months earlier, causing them to miss a substantial rally.

The Controversial Flip

In January 2025, Kiyosaki posted what he called an "Emergency Update" video, watched by approximately 280,000 people. His message was direct: he was selling his silver to buy Bitcoin. At that time, silver was trading near $29.00 per ounce while Bitcoin was surging toward what would become a local peak.

The timing of this advice has proven particularly costly for followers. Silver has since surged to around $82.00 per ounce, representing a nearly threefold increase and an approximately 180% rally that those who followed his January guidance completely missed.

Current Silver Enthusiasm

In stark contrast to his January position, Kiyosaki recently declared "I love silver," warned against FOMO-driven excess, urged patience, and projected price targets of $100.00 to $200.00 per ounce. This dramatic reversal has reignited criticism about the consistency of his investment guidance.

Critics argue this represents a familiar pattern where Kiyosaki's recommendations appear to follow market momentum rather than consistent long-term conviction. When Bitcoin was surging, it became his preferred message. Now that silver is rallying, it has suddenly become his long-term conviction trade.

Pattern of Contradictions

Analysts point to a broader pattern that complicates Kiyosaki's defense as merely a provocateur rather than an investment advisor. His company, Rich Global LLC, filed for Chapter 7 bankruptcy in 2012 amid a $23.70 million judgment tied to Learning Annex. Past seminars have faced scrutiny, including a CBC investigation, for allegedly pressuring attendees to accumulate large credit-card debt to purchase expensive courses.

More recently, analysts have noted that while preaching "diamond hands," Kiyosaki reportedly sold over $2.00 million worth of Bitcoin, further highlighting the disconnect between his public messaging and personal actions.

Market Fundamentals vs. Social Media Cycles

The silver market has experienced a structural deficit since 2021, with hundreds of millions of ounces consumed by solar panels, electric vehicles, and new industrial applications. Physical inventories on major exchanges have fallen sharply, while spot premiums in Asia signal tightness that paper prices may not fully reflect.

This fundamental backdrop suggests a legitimate bullish case for silver exists independent of social media cycles and celebrity endorsements. The episode resonates precisely because it highlights how timing and consistency matter in investment guidance, regardless of whether the underlying thesis eventually proves correct.

Brand Built on Contradiction

Kiyosaki has built a substantial brand around the principle "Your profit is made when you buy, not when you sell." However, critics argue that his January advice directly contradicted this philosophy by encouraging followers to sell an asset with millennia of monetary history near a cyclical low while chasing momentum in a digital asset near its peak.

The criticism intensifies because if silver does reach his projected $200.00 target, Kiyosaki will likely claim victory despite having advised his audience to exit the position at the worst possible time. This dynamic underscores the challenge investors face when following celebrity financial advice that appears to shift with market trends rather than maintaining consistent long-term principles.