Contact us
CALL US NOW 1-888-GOLD-160
(1-888-465-3160)

Anti-Gold Bug Says “Buy Gold!” (Video)

  by    3   4

Veteran trader Dennis Gartman appeared on CNBC Futures Now yesterday and he made it clear right up front that he is not a “gold bug.”

I’m not a gold bug. I don’t like the gold bugs. I’m not a believer that the world is coming to an end.”

After that disclaimer Gartman, the anti-gold bug said, “Buy gold!

Gartman said as long as central banks continue expansionary monetary policy, the upward trend in gold will continue. And there is every indication that negative interest rates and quantitative easing will continue indefinitely. The stimulus the European Central Bank announced this week will last well into the future. As Bloomberg put it, “The ECB’s new measures have just entrenched policies designed for crisis times into the next decade.”

As we’ve been saying, that’s good for gold.

Gartman agrees:

Monetary expansion equals higher gold prices. That’s what you’ve got and the trend is up. Don’t fade this trend.”

WhyBuyGoldNowBanner.070815.590

Highlights from the interview.

“I’m a believer in the gold market at this point. I’ve been quite bullish on gold.”

“The trend is up, the trend has been up for the past several months, and I continue to think that as long as the monetary authorities are going to remain as expansionary as they are [the trend will continue.]”

“What Draghi said today, which turned the market…he made it abundantly clear that he was going to continue to expand the supply of reserves in the system, even though he wasn’t going to allow interest rates to go further into negative territory – that’s what caught people off guard – but he’s made it abundantly clear he’s going to throw more reserves into the system. The Bank of Japan will be throwing more reserves into the system. And the Fed will have no choice but to at least hold monetary policy steady, if not become slightly expansionary following what the leads are from the ECB. Monetary expansion equals higher gold prices.”

Get Peter Schiff’s most important Gold headlines once per week – click here – for a free subscription to his exclusive weekly email updates.
Interested in learning more about physical gold and silver?
Call 1-888-GOLD-160 and speak with a Precious Metals Specialist today!


Related Posts

What Would a Biden Win Mean for the Economy?

Peter Schiff appeared on Kitco News with David Lin to talk about the investment implications of the upcoming US elections. Peter said he doesn’t feel good about the election and that he thinks Biden will likely win. He said the Democrats may even gain control of the Senate. So, what would a Biden win mean […]

READ MORE →

Peter Schiff: Stimulus Doesn’t Help the Underlying Economy

Peter Schiff appeared on RT Boom Bust along with Michele Schneider of MarketGauge to talk about market reaction to the stimulus stalemate, the impact of the upcoming election, and the prospects of the dollar. The interview was recorded before President Trump tweeted the rug out from under the hope of a stimulus deal and cut […]

READ MORE →

Peter Schiff vs. a Marxist

Peter Schiff recently appeared on RT’s Crosstalk and ended up in a debate with a Marxist. The focus of the discussion was a “K-shaped” recovery where some people benefit economically, but we’re left with many permanently mired in an economic underclass. Peter said you can talk about a K, L, U or V-shaped recovery, but […]

READ MORE →

Peter Schiff: The Price of Everything Is Going Up

As the Federal Reserve meeting wrapped up last week, Peter Schiff appeared on RT Boom Bust. The interview covered a number of topics, including gold, oil prices, the Fed and the Snowflake IPO. The discussion started with the rising prices of gold and silver. Peter said central bank policy is creating a very bullish environment […]

READ MORE →

Peter Schiff: The Fed Is the Biggest Enemy of Legitimate Economic Growth

Last week, the Federal Reserve held its September FOMC meeting. Peter Schiff appeared on the Claman Countdown after the meeting ended, along with Natalie Securities Global Fixed Income Chief Andy Brenner. During the interview, they discussed inflation, the impact of Fed policy, the bubble economy and they even touched on modern monetary theory. Peter said […]

READ MORE →

3 thoughts on “Anti-Gold Bug Says “Buy Gold!” (Video)

  1. jrj90620 says:

    So,this genius Gartman is bullish on gold prices,but he doesn’t want the establishment to think he’s some kind of crazy gold bug,believing that gold,the ancient relic, is money.He should get back to pushing bonds and the Dollar.

    • It is hard to deny we are facing a financial collapse but what does that really mean? Most prices will come down but others will rise. Here in lies the study work. I can see myself doing business by using silver coins as opposed to using fiat currencies. At that point,will gold and silver appreciate or decline? More study work!
      At this point I have silver and cash and will dump one when to time is right.
      To not have gold or silver stored at this point is foolish.

    • Jud says:

      If you are a technical analysis you will see that the technical indicators for gold and silver are at extreme highs for gold and near extreme highs for silver. Meaning that somewhere at the end of March or the beginning of April prices for both will fall, below $15 for silver and around $1160 for gold.

      Also by looking at the technical indicators one can speculate that after gold and silver make these down turns in price for April and possibly through May that in June the price will go back up and to never come back down to these levels again.

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Call Now