Peter Schiff: Gold drops below $4K as yen hits new 40-year low

Peter Schiff: Gold drops below $4K as yen hits new 40-year low
Gold falls below $4K as yen weakens

Peter Schiff, CEO and Chief Global Strategist of Euro Pacific Capital, notes that gold has fallen back below $4,000.

He highlights that the Japanese yen is trading at a new 40-year low against the U.S. dollar, a factor he believes is weighing on gold prices. Schiff argues that selling the yen for dollars may be risky and suggests buying gold as a better alternative.

Schiff has previously commented on sharp moves in other asset classes. He noted that STRC traded at 93.5, pushing its yield to 12.3% and leaving early investors with losses. In an earlier analysis, he argued that large-scale Bitcoin buying by Strategy and others played a key role in driving up Bitcoin’s price.

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