Consumer Confidence Declines Again; Gold Over $4,000 - schiffgold.com
Consumer Confidence Declines Again; Gold Over $4,000 - schiffgold.com
Source: schiffgold.com
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DW NOTE
Gold has spent seven months falling from $5,318 to $4,163 — a drawdown steeper than most recessions deliver — and consumer confidence is sliding again. SchiffGold frames this as vindication, but the chart says otherwise: the metal is down 22% from its peak while the Fed holds real rates near zero and PPI runs 200 basis points above CPI. If this is a crisis hedge, it's hedging something that hasn't arrived yet.