Peter Schiff Says Buy Gold Near $4000 As Prices Sink From January High, Warns Of Currency Crisis Worse Than 2008 - Stocktwits
Peter Schiff Says Buy Gold Near $4000 As Prices Sink From January High, Warns Of Currency Crisis Worse Than 2008 - Stocktwits
Source: Stocktwits
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DW NOTE
Schiff has called every crisis for 20 years and been correct exactly once. Gold is down 24.6% from its January high of $5,318 to $4,009 — calling that level a buying opportunity requires explaining why the initial spike was justified when the Hormuz closure that drove it has produced no sustained supply crisis. The currency collapse thesis needs actual currency collapse, not a 31-basis-point positive yield curve and 3.4% headline inflation.