Schiff: Gold to skyrocket when people 'wake up to reality' 6:46 PM ET Wed, 4 Sept 2013

While some people follow popular opinion, others wait for popular opinion to come to them. Peter Schiff is certainly in the latter camp.

As the market continues to find its way around obstacles large and small, the CEO of Euro Pacific Capital continues to predict a wave of oncoming crises.

"It's a monetary problem we have. We have a dollar crisis coming, a bond market collapse coming," Schiff said on Thursday's "Futures Now."

He believes that debt will force the U.S. to print a great deal of money, causing a nightmare scenario for the U.S. dollar and the bond market. That's why he advises getting into gold.

After all, if the government prints more money, then the value of each dollar will drop. That means that it will take more of those dollars to buy a single bar of gold.

So with bond and dollar crises looming, "Gold is going to be a safe haven for all of that," Schiff said. "The fundamentals are fantastic."

(Read more: With Syria strike looming, you need to own gold)

Indeed, Schiff believes it will get so bad that he calls government seizure of gold "a possibility," even if not a terribly likely one.