Peter Schiff doomsday is coming view is in-tune with investor’s sentiment.
Peter Schiff ardant gold bull permabear is in lockstep with a growing number of participants who are advocating gold as an asset protector in the financial and economic calamity that is playing out in the wake of the COVID 19 pandemic hysteria.
Jim Rogers also a gold bull said: “whenever people lose confidence in money and governments, they always buy gold and silver”.
“Peter Schiff ardant gold bull permabear is in lockstep with a growing number of participants who are advocating gold as an asset protector”
THE WEALTH TRAINING COMPANY
Peter Schiff doomsday is coming view highlights the competitive devaluation of currencies as the main driver behind precious metals, gold, palladium, and silver investments
But only fools are choosing Bitcoin says gold bug, Peter Schiff.
“So far this year gold is up over 7%, while Bitcoin is down 3%. Gold is only 2% from its 2020 high, while Bitcoin is 35% below its 2020 high” said Peter Schiff.
But Peter Schiff doomsday is coming viewpoints out that gold will reach new highs through a series of small declines.
“During the 2008 financial crisis, gold fell about 25% and took 7 months to make a new high. This time gold only fell about 15% and may make a new high in under a month. This shows how much greater this financial crisis is, and how much more reckless current Fed policy is,” said Peter Schiff.
“So far this year gold is up over 7%, while Bitcoin is down 3%. Gold is only 2% from its 2020 high, while Bitcoin is 35% below its 2020 high”
PETER SCHIFF
Peter Schiff doomsday is coming call was already being put forward by the permabear back in July 2019
“No matter what the Fed does, a recession is coming” argued Peter Schiff.
In a piece entitled Peter Schiff’s recession fated view the CEO of Pacific Capital said: “The president tweets every day that we have the strongest economy in history, which isn’t even close to being true.” “They’re trying to keep this so-called expansion going. There they’re going to fail. I think we’re headed for recession regardless of what the Fed does with rates,” added Peter Schiff back in July 2019.
“the longer we succeed in kicking the can down the road, the greater the imbalances grow as a result of this bubble, and the more painful it is when the air comes out” – Peter Schiff
The Fed inflated a much bigger bubble this time than it did last time. And yes, the longer we succeed in kicking the can down the road, the greater the imbalances grow as a result of this bubble, and the more painful it is when the air comes out” he added.
“Rough seas could be ahead” we wrote in July 2019.
But who would have predicted a global pandemic hysteria to cover the coming Greatest Depression?
So with the global trade collapse being now worse than the Great Depression, according to the WTO Peter Schiff doomsday is coming view could be another bang on the money call.
All the stars are aligning for gold but will the new world order, which has already taken people’s freedom of assembly away, confiscate the people’s gold next.
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