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Gold and silver surge above key levels, Peter Schiff notes
Peter Schiff, CEO and Chief Global Strategist at Euro Pacific Capital, highlights a strong rally in precious metals as gold rises more than $60 to move above $4,600 and silver increases $1.50 past $74.30.
He suggests that Asian investors may be recognizing the bullish impact of the Iran war on gold, adding that current fundamentals are highly favorable for both gold and silver.
Schiff has previously warned that rising inflation pressures are weighing on bonds and stocks, predicting increased U.S. budget deficits and Federal Reserve rate cuts in his recent commentary. He also claimed the IRS-driven closure of his Puerto Rico bank backfired, damaging the island's regulatory standing, according to a separate statement. The latest remarks come as precious metals attract renewed investor attention.
This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.
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