New Delhi, Feb. 5 -- Economist Peter Schiff delivered a dramatic warning about an upcoming economic crisis and future of the US dollar, in an interview with Fox Business that quickly went viral across X. The clip, widely shared by the X handle WORLD NEWS, reignited concerns among investors already rattled by sharp volatility in gold and silver prices.

Schiff did not mince words about what he believes lies ahead for the US economy and the dollar's global status.

"The dollar is going to collapse. The dollar is going to be replaced by gold. We are headed for an economic crisis that will make the 2008 financial crisis seem like a Sunday school picnic."

He went on to say that countries and central banks are steadily reducing their reliance ...