Peter Schiff, founder of EuroPac and Schiff Gold comments on the precious metals rally. As Fed officials talk of higher real-rates, Peter suggests that the "inflation genie" won't be contained, circa Volker's 1980's policies. Peter expects crude oil to continue its ascent, perhaps above the last bull market peak of $147 in 2008. Given that 2/3's of the domestic economy revolves around the US housing sector, will policymakers dispatch the easy-money, golden-goose? Peter Schiff advises investors to search for safer alternatives, such as gold and silver.
Meanwhile, while our guest expects gold to eclipse $10,000, small cap mining shares could explode higher by 50x or more. This could be an ideal time to diversify into the mining shares. EuroPac International Dividend Income Fund (EPDPX) not only pays a solid dividend but continues to trounce the market return.
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/