MARK MY WORDS! Gold’s About to Be the BIGGEST BREAKOUT STORY In History – Peter Schiff | Gold Silver
According to contrarian analysis, gold will likely outperform stocks over the next few months. That’s because today’s average gold-market timer is far less optimistic than the average stock-market timer, who is currently more exuberant than at almost any other point over the last 25 years. That means there is more of a wall of worry for gold to climb than stocks.
Economist and gold advocate Peter Schiff touts gold’s impressive performance, noting that it is having its best year since 1979 before a dollar-driven setback. He emphasizes gold’s long-term strength, outperforming major US stock indices since 2001 and marking a significant rise since its 1999 low. The performance of gold as an investment over the long term really depends on the time period being analyzed. For example, over certain 30-year periods, stocks have outperformed gold and bonds, but over some 15-year periods, gold has outperformed stocks and bonds.
So, stocks outperform gold over the longer term by about 3-to-1, but gold may win out over shorter time horizons. According to Peter Schiff, US stocks are overvalued and vulnerable to an economic downturn. He predicts they will lose value relative to gold, even if they seem to rise in a weakening dollar.
From a technical standpoint, Peter argues that fiat currencies are being debased, positioning gold as a vital store of value. Unlike currencies, gold is durable, doesn’t decay, and is easy to store due to its high density. In fact, since the creation of the Federal Reserve in 1912, the US dollar has lost nearly 98% of its purchasing power. The gold price, on the other hand, has multiplied a hundredfold. This may seem like a lot, but gold has just maintained its purchasing power.
Regarding the US debt bubble, Peter Schiff expresses surprise at its size and resilience. He warned that rising payments, potentially reaching 2 trillion dollars or more annually, are unsustainable. Peter criticizes the 30 trillion dollars debt expansion, highlighting the dollar’s declining purchasing power despite its relative strength. The dollar is dominant in global financial markets, as evidenced by its use in nearly 90% of global foreign exchange transactions, nearly 60% of global foreign exchange reserves, and invoicing for over half of global trade. However, the growing US national debt may diminish the dollar’s global preeminence and US leadership on the international stage.
America’s high and rising debt matters because it threatens our economic future. The COVID-19 pandemic rapidly accelerated our fiscal challenges, but we were already on an unsustainable path, with structural drivers that existed long before the pandemic.
Concurrently, Peter argues that neither political leader has the will for real reform, accusing them of sustaining the bubble instead of addressing systemic issues. He predicts worsening economic strain and questions whether the bubble will grow further or collapse.
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There will be no Global, Free-market, nor even a nation of it no matter who becomes the President of America.
Still three weeks before year end . We shall see
A rise in prices DOES NOT equal inflation…at least not in and of itself. In a market economy, supply and demand determine the value or price of something. Either of these two factors will raise or lower the price. This is NOT inflation. Inflation is something else and this video does not address it. Inflation is the ratio of money supply to the gross national income. The Federal Reserve Bank can and does regulate the supply of money by printing more or less of it and this is the factor that causes inflation, deflation or stability in prices. Economic policies determine the goals desired by the Fed and thus the money supply is manipulated to achieve the desired effect. My advice to anyone feeling the heat in this inflation, just trade long term more than ever, I have made over 540k from day trading with Sharon Teater in few weeks, this is not a bad alternate during this crash.
American will always love bitcoin until will be too late, world war is coming, imigine no more internet and electricity then where is your bitcoin
Why don’t Bitcoin investors understand there is no underlying assets to support the price when institutional investors sell the price of Bitcoin will collapse! Gold and silver have been money for over 3,000 years Bitcoin will be gone in 100 or less!