King Dollar Will Soon Be Dethroned - Ep 885
The Peter Schiff Show Podcast
00:00
Why Gold Stocks Are Not Soaring With the Price of Gold
Peter Schiff: Gold prices are higher today than they were in 2011, but gold stocks would have to go up four or five times to be back to where they were. He says the difference has to do with psychology. Back then, everybody expected the price of gold to keep rising and so they bid up gold stocks. Today it's the opposite; nobody wants to pay up for gold stocks because they don't see its potential.
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