Inflation Data Sparks Biggest Market Crash Since Covid Lockdowns – Ep 840
The Peter Schiff Show Podcast
00:00
Is the Fed Ready to Let This Happen?
When are investors going to wake up and stop selling gold every time inflation is hotter than expected? The minute it's a real recession, a real financial crisis, the minute unemployment really starts to rise, that's when the fed completely does it about face. How many more bad inflation numbers is it going to take? My personal opinion on this is not that many more. Maybe the september rate hike will be it. I don't know. But if we can make it to another 20 bucks at the reaction in the gold market to day, gold was only down about 10 bucks or so. Gold made on the foreign exchange loads earlier in the morning but didn't close above its load levels
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