Peak Inflation Was Transitory – Ep 818
The Peter Schiff Show Podcast
00:00
The Price of Gold Is Going to Rise Much Faster Than Oil
Inflation has really driven up the cost of mining. Energy costs have gone through the roof. Oil got very, very cheap for a little while during coved. Now i don't think that's going to stay that way. I think gold prices are going to go up to catch up to oil. But in the meantime, if you're a gold mining company and your oil costs have gone up a lot more than what you're getting for your gold, that's a problem.
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