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Peter Schiff, CEO and chief global strategist of Euro Pacific Capital, notes that NEM, the world's largest gold mining company, reached a new record high today.
He says this milestone was achieved even though gold prices would need to rise another 20% to match their own previous highs. According to Schiff, investors are increasingly factoring in expectations of sustained higher gold prices and lasting increases in future earnings for gold miners.
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Schiff has recently commented on rising Treasury yields, noting the 30-year Treasury yield moved above 5.3 percent as U.S. debt reached $39.9 trillion. He has also reported on major asset sales, including Strategy selling 1,690 BTC and $653 million in MSTR shares. These updates follow his ongoing coverage of significant shifts in financial markets.