Financial expert Peter Schiff says that people should ditch the dollar. And not just the dollar; all fiat currencies. Instead, he says people should be buying gold, a "real safe haven" asset.
The real driver behind the rise of gold prices is the world's central banks' buying spree, says Peter Schiff of Euro Pacific Capital.
"All of this is very bullish for gold and so rather than simply selling bonds people should be buying gold because they need to get out of the dollar," says Schiff.
"In fact, they need to get out of the fiat currencies in general and seek a real safe haven – and that's gold," he adds.
Back at the end of October, Schiff has also said that the stock market bubble had already popped, according to RT. (fwd to 18:20)