Peter Schiff warns that gold's recent price increase may be a sign of looming economic problems.

Gold Price Surge and Potential U.S. Debt Crisis

Economist Peter Schiff believes the recent increase in gold prices, exceeding $4,000 per ounce on October 8th, indicates a looming U.S. debt crisis.

Significance of Gold's Performance

The surge in gold's price is viewed by Schiff as a potential signal of significant economic challenges facing the United States.

Projected Crisis Timeline

Schiff predicts that the United States may be heading toward a major debt crisis in 2026.