Renowned economist Peter Schiff criticized President Trump’s approach to trade deficits with Canada and Europe. Schiff argues that the U.S. benefits from imports and imposing tariffs could lead to inflation. He predicts double-digit inflation by 2025 and recommends investing in gold, which surged by 26% in 2024. Schiff believes gold prices could reach $100,000 per ounce. To hedge against economic uncertainties, he suggests opening a gold IRA or investing in real estate for passive income and wealth protection. The National Home Price NSA Index has surged by over 50%, making real estate investing lucrative. Crowdfunding platforms like Arrived offer the opportunity to invest in shares of rental homes with as little as $100. First National Realty Partners targets necessity-based commercial real estate, allowing investors to own a share of properties leased by national brands like Whole Foods, CVS, Kroger, and Walmart. Investors can enjoy stable income from grocery store-anchored properties every quarter. Subscribe to Moneywise for more financial news and advice.

Read more at Yahoo Finance: Peter Schiff issued a dire warning on Trump’s trade deficit stance. Here’s why and how to protect yourself