Peter Schiff, Head of SchiffGold.com, comments on the recent new high in the dollar price of gold!
Peter Schiff's website; http://schiffgold.com/
Schiff says:
"It's a cocktail for very high inflation that the Fed is going to be serving. People are going to be taking refuge in gold. So I think 2024 could be one of the biggest years ever for the percentage increase in gold."
- Will the Fed increase monetary stimulus?
- Will the Fed return to QE in 2024?
- 2024 could be one of the best years for gold on record!
- Has WTIC, black-gold reached an investable floor price?
- The Dow Jones Industrials is setting records.
- US stocks versus gold - will gold approach parity with the Dow Jones?
- The price of gold could approach the Dow Jones level, 1:1, similar to the 1930's.
- Gold has built a more than decade long base for much higher prices.
- Could gold launch to $10k-$20k?
- Gold could increase the purchasing power of investors.
- US Housing is holding firm, despite naysayers, amid lower mortgage payments relative to rents.
- The potential for double digit inflation poses huge risks to multiple sectors.
Peter Schiff's list of favorite gold companies:
Europac Gold Fund (EPGFX) - Top 10 Holdings
Osisko Gold Royalties Ltd 6.48%
Franco-Nevada Corp 5.59%
OceanaGold Corp 5.58%
Agnico Eagle Mines Ltd 5.29%
Fortuna Silver Mines Inc 5.09%
Royal Gold Inc 5.01%
B2Gold Corp 4.93%
Barrick Gold Corp 4.87%
Pan American Silver Corp 4.56%
About the author
Chris Waltzek is host, executive producer, writer/editor, best-selling author, webmaster, sound engineer and computer guru at Goldseek.com Radio. He earned his bachelors degree in Business Economics and holds a dual MBA in Business Economics & Information Systems. Upon graduation he worked as the firm-wide Industry Analyst at one of the nations largest law firms, Jones, Day, Reavis, Pogue. Chris is currently a Ph.D. student in Management / Finance at NCU.
