Contact us
CALL US NOW 1-888-GOLD-160

Upside Potential for Gold Greater Than Downside Risk

  by    0   0

The Wall Street Transcript released its Gold and Precious Metals Report, which includes an interview with Peter Schiff on gold’s performance in the past year and what to expect in the physical precious metals market going forward. The full report is available for download here. Yahoo! provides an excerpt from the interview:

TWST: Gold has been not a great performer this year. What’s going on?

Mr. Schiff: Well, obviously some of the people who made a lot of money in gold over the years may have decided to cash in, but I think – more likely I think the speculators, who finally, finally got into the gold market over the last couple years decided to get out and cut their losses, because I think they saw the big run-up in the stock market, they believed all the hype about the recession being over, about the Fed being ready to tighten and take away the QE, and I think they believe that the case for gold was undermining.

So they sold their gold and went back into the stock market, because that’s where a lot of that speculative money came from. It came from stock market investors, who had lost money in the market over five or 10 years, didn’t own any gold, and then after seeing gold go up four or five times decided that they would want to buy some. And they got shaken out of the market in its last correction, and I think that’s very healthy, because I think the next leg up in the bull market – I think we have a long way to go before some of those speculators get back into the market, and of course by the time they do the prices will probably be well in excess of $2,000 an ounce.”

Read the Full Excerpt

Follow us on Twitter to stay up-to-date on Peter Schiff’s latest thoughts: @SchiffGold
Interested in learning about the best ways to buy 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 […]


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 […]


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 […]


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 […]


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 […]


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