Schiff urges China to crash dollar, buy gold amid trade war

Peter Schiff argues that China should sell its U.S. Treasuries and dollars to purchase gold, strengthening the yuan and reducing U.S. Dollar value.

He suggests that this would enrich Chinese consumers but emphasizes that Americans might suffer inflation and poorer living standards as a direct result.

These comments arise amid escalating trade tensions, with the Trump administration dismissing concerns about recession and inflation from tariff policies.