Head of EuroPac and Schiff Gold, Peter Schiff outlines his latest market forecasts.
This week, expectations of a 75-100 basis point rate hike at next week's FOMC meeting roiled the US equities market.
Investors are advised to prepare for a "Greater Recession", eclipsing even the 2008-2009 Great Recession.
However, if Fed policymakers take drastic measures, the next round of QE to infinity could result in hyperinflation.
Peter expects crude oil to reach lofty heights after stabilizing, perhaps as high as $200 per barrel.
Amid an unprecedented shift into tangible, hard assets, silver could climb above $50 for the first time in modern history, continuing to as high as $200 per ounce.
About Peter Schiff, SchiffGold
SchiffGold is a full-service, discount precious metals dealer specializing in investment-grade gold and silver bullion. We offer a range of related services, from vault storage partners to physical gold IRAs.
Renowned investor Peter Schiff founded SchiffGold in 2010 to provide a trustworthy source of bullion for his brokerage clients. Peter has always advised long-term investment in physical precious metals as an inflation-proof store of value. Unfortunately, he found far too many gold buyers were getting swindled by big companies pushing numismatics at high markups. SchiffGold is his answer — an honest gold dealer that sells only the most liquid bullion products in the world at the lowest possible prices.
As a matter of policy, SchiffGold will never sell overpriced numismatic or collectible precious metals products. That is Peter Schiff’s Guarantee.
Peter Schiff: https://schiffgold.com/
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.
