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

Young and Profiting with Hala Taha (Entrepreneurship, Sales, Marketing)

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.