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

Peter Schiff: Can’t Trump This Golden Opportunity (Video)

  by    0   1

Some have dubbed it the “Trump Bump.”

Since the election of Donald Trump, the stock market has soared. Many Americans believed the new president would turn things around and “make America great again!” Meanwhile, the sale of precious metals has slumped in the US. While sales of gold and silver have soared in places like China and India, Americans have been buying up US stocks.

But is the unbridled optimism warranted? Peter Schiff doesn’t think so, and believes now is the time to think like a contrarian, and buy gold and silver. In his latest Gold Videocast, he explains why

While everybody is still piling into stocks, Peter believes this opportune time to invest in precious metals. Trump’s election made a lot of people more optimistic about America’s economic future. Gold and silver bullion coin sales at the US Mint have fallen to the lowest level in years, following the general trend in US precious metal markets. But as Peter points out, fundamentally things aren’t any different than they were before the election. The precious metals slump in the US doesn’t really make sense. The fact that the mainstream is looking the other way is good indication that it’s time to get into gold and silver – before it’s too late.

As Peter put it, nothing has changed.

“Yes, having Donald Trump president is better than having Hillary Clinton as president. But he is not a get out of jail free card for the economy…The problem is the damage is going to hit on Donald Trump’s watch. Barack Obama got out of Dodge just in time.”

Obama and the Fed did a great deal of damage to the economy. Trump inherited a mess and he won’t be able to fix it. Will all of the chaos surrounding his administration, it seems increasingly likely he’s going to have a hard time pushing his agenda through. And as Peter points out, even if he does, it’s not going to be enough. Even with a new administration, the fundamentals underlying the economy haven’t changed. The Federal Reserve hasn’t changed. The bubbles still exist.

If you thought QE 1,2, and 3 were bad, wait until you get a load of QE 4. We’re going to have to print a lot more money under President Trump than we printed under President Obama. And we’re still heading for a currency crisis. We’re still heading for a sovereign debt crisis. All of the problems that you believed existed and that caused you to buy gold while Obama was president – all of those problems are bigger now that Donald Trump is president.”

It’s easy to be lulled into complacency with a shift in political tides. But the economic fundamentals didn’t miraculously change on Nov. 8. The election didn’t erase years of bad policy. The damage is still there. As Peter says, there’s nothing wrong with being hopeful, but you still have to anticipate problems. You still need to anticipate the future. You don’t want to be surprised by it – because once the bubble bursts, it’s too late to prepare.

Look, you can hope for the best. Maybe I’m wrong. But you better plan for the worst, and you better buy some gold.”

WhyBuyGoldNowBanner.070815.590

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 how to buy gold and buy silver?
Call 1-888-GOLD-160 and speak with a Precious Metals Specialist today!


Related Posts

Peter Schiff: It’s the Fed’s Fault!

Jerome Powell lectured Congress about the national debt last week, calling it unsustainable. The Federal Reserve chairman is concerned. He admitted that with interest rates already close to zero, the central bank has very little room to cut rates in the event of an economic downturn. Peter Schiff appeared on the Claman Countdown, along with […]

READ MORE →

Peter Schiff: The US Is Losing the Trade War

There’s been a lot of optimism about the phase 1 trade deal over the last couple of weeks. Stocks have surged on the news of a possible deal. Meanwhile, gold and silver have dipped. Peter Schiff appeared on RT Boom Bust and said the optimism is misplaced. The US is losing the trade war to […]

READ MORE →

Peter Schiff: Investors Are in for a Painful Awakening

Last Tuesday, the S&P 500 made a record high as markets anticipated another Fed rate cut. Some analysts say the big risk is that we’re seeing a boost in asset prices but no real uptick in the actual economy. Peter Schiff appeared on RT Boom Bust to talk about it. He said investors buying onto […]

READ MORE →

Ron Paul: Foreign Central Banks Going for Gold

Foreign central banks have been stocking up on gold for months. According to the World Gold Council, a dozen central banks have increased their gold reserves by at least 1 ton through the first eight months of 2019. This continues a trend we saw through 2018. In total, the world’s central banks accumulated 651.5 tons […]

READ MORE →

Why Is Gold So Expensive? (Video)

Gold is the “shining embodiment of wealth.”  It is not only used to add “extra bling” to our lives; it is also an important component in expensive high-tech electronics and medical devices. Even more fundamentally, gold is money. But why is gold so expensive — even more valuable than other rarer metals? A video put […]

READ MORE →

Comments are closed.

Call Now