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

Gold’s Best Quarter in 30 Years Is Just the Beginning

  by    1   1

Last week, we reported that billionaire investor Stanley Druckenmiller is publicly advising investors to sell United States stocks and buy gold. Druckenmiller is now joined in his gold recommendation by an equally legendary hedge fund manager – Paul Singer.

paul singer

In a client letter at the end of April, Singer wrote:

It makes a great deal of sense to own gold. Other investors may be finally starting to agree. Investors have increasingly started processing the fact that the world’s central bankers are completely focused on debasing their currencies… We believe the March quarter’s price action could represent something closer to the beginning of such a move than to the end.”

Download SchiffGold’s Free White Paper: Why Buy Gold Now?

Gold has gone up 20% already in 2016, so it’s not surprising that the large money managers are starting to board the gold bull train. With billions of money under management, investors like Druckenmiller and Singer must watch the big-picture trends, rather than rely on the economic forecasts provided by the Federal Reserve. In fact, these guys are often directly critical of the Fed.

We shared Bill Gross’ latest investment thoughts yesterday, and we believe Singer and Druckenmiller would likely agree. Gross lays out the fundamental long-term case for gold:

I have long argued that this is a Ponzi scheme and it is, yet we are approaching a point of no return with negative interest rates and QE purchases of corporate bonds and stock. Still, I believe that for now central banks will print more helicopter money via QE (perhaps even the US in a year or so) and reluctantly accept their increasingly dependent role in fiscal policy… Investment implications: Prepare for renewed QE from the Fed. Interest rates will stay low for longer, asset prices will continue to be artificially high. At some point, monetary policy will create inflation and markets will be at risk.”

Get Peter Schiff’s latest gold market analysis – 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

The Fed’s Fundamental Problem

Inflation was running rampant for months before the Federal Reserve launched its inflation fight. As you’ll recall, we were told over and over again that inflation was transitory. But now that the central bank is on the job, most people are confident Powell and Company can get rising prices back under control. Perhaps they shouldn’t […]

READ MORE →

Investors Fleeing Housing Market as Bubble Deflates

In another bad sign for a housing bubble that is quickly deflating, investor purchases of single-family homes tanked in the third quarter. Meanwhile, overall home sales continue to tumble and prices are falling.

READ MORE →

Consumer Confidence Declines for Second Straight Month

The powers that be keep telling you that the economy is fine and inflation has likely peaked. But you’re not buying the story. Consumer confidence fell for the second straight month in November as worries about inflation and the trajectory of the economy persist.

READ MORE →

Recession Warning: US Small Businesses Struggling to Pay Rent

In another sign of a struggling economy, small businesses are having an increasingly hard time paying rent. According to Alignable’s November Rent Poll, 41% of US small businesses reported they couldn’t pay their rent in full and on time in November. That was a 4 percentage-point increase from the previous month.

READ MORE →

War on Cash: India Rolling Out Retail Pilot Program for Digital Rupee

We recently reported that the Federal Reserve plans to launch a 12-week pilot program in partnership with several large commercial banks to test the feasibility of a central bank digital currency (CBDC). The US isn’t alone in experimenting with digital currency. India is working on developing a digital rupee and recently announced the second phase […]

READ MORE →

One thought on “Gold’s Best Quarter in 30 Years Is Just the Beginning

  1. Gold has gone up 20% already in 2016.
    Minimum: 1 047,40 (15-12-17)
    Maksimum: 1 305,80 (16-05-02)
    Średni: 1 167,74

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