The weakening of the U.S. dollar is just getting started, warned veteran market forecaster Peter Schiff, CEO of Euro Pacific Capital.

"We have just begun a major, long-term bear market in the dollar," he said, which should cause a spike in oil prices. He thinks oil will reach $80-$100 a barrel in 2018. The commodity currently trades at over $63 a barrel. 

Watch the full interview on our Youtube channel:

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