- Peter Schiff projects $4200 and $54 targets for gold and silver following recent breakouts.
- While the Precious metals are surging, Bitcoin and Ethereum face downward pressure.
- Trump’s policy has opened up 401(k) accounts to alternative asset investments.
Gold and silver advocate Peter Schiff has shared bullish targets for precious metals while maintaining his bearish stance on cryptocurrencies. The economist stated gold has broken above $4,150 and silver surpassed $53, with the next target at $4,200 and $54, respectively.
“Gold and silver continue to melt up as Bitcoin and Ether continue to melt down,” Schiff posted on X. He characterized the situation as a learning experience for cryptocurrency buyers, though noted most crypto owners are young with time to recover potential losses.
Schiff described the upcoming environment as a “coming Cat-5 financial hurricane hiding in plain sight.” He predicted a silver short squeeze and warned of a global shift away from the U.S. dollar and Treasury market positions. The economist has consistently maintained that precious metals provide superior value storage compared to cryptocurrencies.
Kiyosaki touts the importance of gold and silver
Schiff hasn’t been the only person touting gold and silver. In one of the recent X posts, Robert Kiyosaki, author of “Rich Dad Poor Dad,” spoke about the importance of investing in multiple assets.
Kiyosaki discussed policy changes allowing 401(k) accounts to invest in alternative assets. The shift allows retirement account holders to allocate funds to real estate debt, physical gold and silver, and cryptocurrencies, including Bitcoin and Ethereum.
“President Trump is not only bringing peace to the Middle East he opened 401-k to invest in ‘alternative investments,'” Kiyosaki posted. He stated the policy extends retirement planning timelines for Baby Boomers while providing more options for all employees.
Divergent views on asset allocation
The debate highlights competing philosophies about safe-haven assets during economic uncertainty. Schiff views precious metals as the primary protection against currency devaluation and market instability.
Kiyosaki takes a broader approach, advocating for diversification across multiple alternative asset classes. This includes both precious metals and cryptocurrencies as hedges against traditional market risks.
Related: https://coinedition.com/xrp-pension-funds-401k-crypto-on-ramp-gains/
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