Peter Schiff: How Smart Entrepreneurs and Investors Preserve Wealth During Financial Crises | Finance | E346

Young and Profiting with Hala Taha

YAP Media Network | Hala Taha

Business, Entrepreneurship, Marketing

4.8 • 1.5K Ratings

🗓️ 14 April 2025

⏱️ 93 minutes

🔗️ Recording | iTunes | RSS

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Summary

Peter Schiff made a name for himself in finance by challenging mainstream views on wealth and the economy. In 2011, he attended the Occupy Wall Street protests with a sign that read, “I am the 1%,” challenging the movement’s perception of wealth inequality. A vocal critic of inflation and government spending, Peter accurately predicted the 2008 financial crisis. He also strongly advocates investing in real assets like gold, as opposed to Crypto. In this episode, Peter breaks down the real causes of inflation and income inequality, explains why Bitcoin isn’t a safe investment and shares the best strategies to protect your wealth from inflation. In this episode, Hala and Peter will discuss: (00:00) Introduction (01:17) The Real Cause of Wealth Inequality (07:35) Capitalism and the Value of Entrepreneurs (13:34) Why Higher Taxes on the Rich Hurt Investment (17:26) How Government Spending Fuels Inflation (26:57) Why Gold Is the Ultimate Store of Wealth (32:30) Investing in Business for Long-Term Wealth (40:24) The Truth About Bitcoin’s Value (48:26) Why Investing in Crypto Is a Financial Mistake (59:51) Preparing for the Inevitable Economic Crash (01:08:02) Protecting Your Business in a Recession Peter Schiff is an investment broker, financial commentator, author, and the founder of Euro Pacific Asset Management. Known for accurately predicting the 2008 financial crisis, he strongly advocates for gold as both a store of value and protection against inflation. Peter also hosts The Peter Schiff Show podcast and has authored bestselling books, including Crash Proof and The Real Crash. A well-known critic of Bitcoin, he has called it a "Ponzi scheme." Sponsored By: RobinHood - Receive your 3% boost on annual IRA contributions, sign up at robinhood.com/gold Indeed - Get a $75 sponsored job credit at indeed.com/profiting Shopify - Sign up for a one-dollar-per-month trial period at youngandprofiting.co/shopify Microsoft Teams - Stop paying for tools. Get everything you need, for free at aka.ms/profiting Mercury - Streamline your banking and finances in one place. Learn more at mercury.com/profiting Open Phone - Streamline and scale your customer communications with OpenPhone. Get 20% off your first 6 months at openphone.com/profiting LinkedIn Marketing Solutions - Get a $100 credit on your next campaign at linkedin.com/profiting Bilt Rewards - Start paying rent through Bilt and take advantage of your Neighborhood Benefits™ by going to joinbilt.com/PROFITING. Airbnb - Find yourself a co-host at airbnb.com/host Resources Mentioned: Peter’s Book, The Real Crash: bit.ly/Real-Crash Peter’s Podcast, The Peter Schiff Show Podcast: bit.ly/PeterSchiffShow Euro Pacific Capital Website: europac.com Active Deals - youngandprofiting.com/deals Key YAP Links Reviews - ratethispodcast.com/yap Youtube - youtube.com/c/YoungandProfiting LinkedIn - linkedin.com/in/htaha/ Instagram - instagram.com/yapwithhala/ Social + Podcast Services: yapmedia.com Transcripts - youngandprofiting.com/episodes-new Entrepreneurship, Entrepreneurship Podcast, Business, Business Podcast, Self Improvement, Self-Improvement, Personal Development, Starting a Business, Strategy, Investing, Sales, Selling, Psychology, Productivity, Entrepreneurs, AI, Artificial Intelligence, Technology, Marketing, Negotiation, Money, Finance, Side Hustle, Mental Health, Career, Leadership, Mindset, Health, Growth Mindset, Personal Finance, Scalability, Financial Freedom, Risk Management, Financial Planning, Business Coaching, Finance Podcast, Saving. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	Today's episode is sponsored in part by Airbnb and Microsoft Teams.
0:04.3	Hosting on Airbnb has never been easier with Airbnb's new co-host network.
0:09.3	Find yourself a co-host at Airbnb.com slash host.
0:12.5	If you're looking for a way to collaborate with remote workers, your co-founders, interns,
0:18.3	and volunteers, then you need to check out Microsoft Teams free. Try Microsoft Teams
0:24.1	free today at AKA.m.S. slash profiting. As always, you can find all of our incredible deals in the show
0:31.1	notes or at young and profiting.com slash deals. There's going to be a day of reckoning.
0:37.3	Inflation is going to get worse over the next several
0:39.9	years. The problem isn't the wealthy people in the free market. It's the wealthy people in government.
0:45.4	There's always going to be income inequality. But the beauty of capitalism is even the poor people
0:51.2	can be rich. Why do you invest in gold? Gold is money.
0:54.8	You want to invest in productive assets.
0:56.8	And the most lucrative asset you can invest in is your own business.
1:00.1	It's very difficult to be a successful entrepreneur, but it's very important.
1:03.8	And if you succeed, you deserve all the money that you make.
1:07.2	And the more money you make, the more people you've helped.
1:10.0	In order to really make America
1:12.0	great again, there's going to be a...
1:13.6	Yeah, fam, welcome back to the show.
1:32.5	My guest today is Peter Schiff.
1:34.6	He's a businessman, investment broker, author, and financial commentator.
1:39.6	He's the CEO and chief global strategist of Euro-Pacific Capital.
	...

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