Economist Peter Schiff warns of an impending economic crisis in the U.S., predicting a collapse of the dollar and a surge in gold prices. Recent data, including a weakened U.S. Dollar Index and increased central bank gold purchases, support his views on rampant inflation and the need for a gold hedge.

Schiff highlights the potential of gold and silver as inflation protection, dismissing claims of a bubble in precious metals. He points to mining stocks like Agnico Eagle Mines and Pan American Silver as offering value despite recent gains. With gold prices projected to keep rising, Schiff sees significant potential in gold stocks.

Investing in gold, real estate, and alternative assets like art emerges as strategies to hedge against inflation and diversify portfolios. Lightstone DIRECT offers accredited investors access to institutional-quality real estate investments, while Masterworks provides a platform to invest in shares of blue-chip artwork. As traditional markets face uncertainty, alternative assets present opportunities for wealth preservation.

Read more at Yahoo Finance: Peter Schiff warns of US economic crisis that will make 2008 feel like ‘Sunday school picnic.’ But he loves this 1 asset