Which will outperform in 2020? Gold? Or Equities?
Peter Schiff joined a moderated debate on the subject at the Orlando Money Show. Peter teamed up with Rick Rule to argue for gold, against Louis Navellier and Jeffrey Saut, who contend the stock market is still the place to be. Mark Skousen moderated the debate.
In his most recent podcast, Peter Schiff talked about coronavirus and the impact that it is having on the markets.
Earlier this month, Peter said he thought the virus was just an excuse for stock market woes. At the time he believed the market was poised to fall anyway. But as it turns out, coronavirus has actually helped the US stock market because it has led central banks to pump even more liquidity into the world financial system.
Peter Schiff recently appeared on SmallCap Power with Mark Bunting to talk about the stock market bubble. He said it’s the same type of bubble as 2008, only bigger.
The source is the same. It’s artificially low interest rates. It’s quantitative easing. The central bank, the Federal Reserve, is responsible for the rise in the stock market.”
Silver will shine in 2020 with higher prices supported by expanded physical investment and industrial demand.
This is the projection of the Silver Institute in its 2020 Market Forecast.
Jerome Powell went to Capitol Hill this week. During his testimony before a congressional committee, the Fed chair insisted, “There is nothing about this economy that is out of kilter or imbalanced.” In this episode of the Friday Gold Wrap Podcast, host Mike Maharrey takes issue with Powell’s assessment and points out some things that are, in fact, way out of kilter.” He also touches on coronavirus and the markets, consumer debt, and Donald Trump.
During the Vancouver Resource Investment Conference, Peter Schiff joined Frank Holmes (US Global), Rick Rule (Sprott US), and Grant Williams (Vulpes Investment Management) on the “Ultimate Gold Panel. Daniela Cambone moderated the discussion.
Gold charted its best year since 2010 last year. The price increased by 18.4% in dollar terms. The yellow metal also reached record highs in every G10 currency except the dollar and the Swiss franc. Can this bull-run can continue into 2020?
ETF gold holding reached another record high in January, according to the latest data from the World Gold Council.
Gold-backed funds added 61.7 tons of gold last month, boosting holdings to an all-time high of 2,947 tons. This continues a trend we saw in 2019 when gold holdings in ETFs grew 19% and eclipsed all-time highs.
This week I went to the SchiffGold office.
Now, you might think, so? I mean, you run the SchiffGold website. What’s the big deal?
Well, it was a big deal because this was the first time I’ve ever actually been to the office. And it’s the first time I’ve met the SchiffGold crew in person.
The silver-gold ratio has ticked back up to historically high levels of late.
As I write this article, the ratio stands at just over 88:1. That means it takes 88 ounces of silver to buy an ounce of gold. To put that into perspective, the average in the modern era has been between 40:1 and 50:1.
In simple terms, historically, silver is extremely underpriced compared to gold.
The Dow Jones fell 603 points on Friday and was down about 1% through the first month of 2020. As Peter Schiff pointed out on his latest podcast, if the old saying “so goes January, so goes the year” turns out to be the case, 2020 could longest bull market in history could be at its end.
The S&P 500 also had a big 1.8% drop on Friday and is slightly in the red in 2020. The Nasdaq fell Friday, but remains the only index that is positive on the year. The Russell 2000 is down about 3.3% on the year.
