Hotter Inflation Chills Stock Market- Ep 874
The Peter Schiff Show Podcast
00:00
Gold Is Still Holding Firm
Gold is now negative on the year by about three quarters of 1 percent although we're still holding well above the December lows. At some point investors have to throw in the towel on that hope there has to be a limit to how long inflation could remain high before investors give up on the fantasy that it's going to come back down. When investors wake up to reality and high inflation becomes bad news for the dollar and good news for gold which it should that's when the next leg of this gold bull market really began in around 2001 kicks into high gear.
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