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Stagflation Heavy Why Gold and Silver Still Look Cheap SchiffGold Friday Gold Wrap
In this week's Schiff Gold Friday Market Wrap, Peter Schiff delves into the significant rise in precious metals, noting that gold closed the week around $3,643 and silver at $42.16, marking new highs. Schiff emphasizes that gold and silver remain undervalued when adjusted for true inflation, urging investors to act swiftly. He criticizes the Federal Reserve's anticipated rate cuts amidst rising inflation and a weakening labor market, predicting dire consequences for the dollar's value and long-term interest rates. Schiff warns of impending stagflation and advocates for investing in precious metals. The episode critically assesses government labor reports and Trump’s influence on the Fed, underscoring the urgency of buying gold and silver now before prices escalate further.
Published on 1 week ago