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#971 Peter Schiff On Why We Are Officially In A Recession

The Pomp Podcast

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When Does Gold Start to Work?

When does gold start to work? Ye, well, first of all, you know, everybody likes to talk about the lastde because gold was at 19 hundred. But they forget that it started a decade below 300. The markets are not afraid of inflation yet. They believe that the fed is going to beat inflation now. It i's going to whip inflation now. And it's that tough talking fed that is keeping a lid on the price of gold and also keeping a floor underneath the dollar. If gold can really break out and get above two thousand or 21 hundred, I think we'll have clear and convincing evidence that the markets have certainly now completely discounted any rate heights that we could possibly

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