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According to News.bitcoin, economist and gold advocate Peter Schiff harshly criticized Trump's economic policies on social media platform X this week, emphasizing the risks he sees in current financial practices and some unfulfilled promises. Schiff believes that optimism about the economic prosperity triggered by Trump is wrong, pointing out that potential economic fragility may undermine this positive outlook. According to him, tax cuts are likely to continue, but the corresponding spending cuts are almost certainly not going to happen. Schiff further warned that uncontrolled deficits may prompt the Federal Reserve to reintroduce quantitative easing policies, leading to increased inflation. For those concerned about inflationary pressures, Schiff suggests that "Trump's best trade now is to buy gold and gold mining stocks while they are falling," believing that gold is a stable asset in times of economic uncertainty. @ftihvb @dryhh