Peter Schiff: Bitcoin Reserve Is The ‘Worst Monetary Mistake’ US Could Make
Posted On November 29, 2024
In an interview at the New Orleans Investment Conference on Thursday, Peter Schiff, chief market strategist of Euro Pacific Asset Management, expressed skepticism about cryptocurrency while remaining bullish on gold.
Speaking with Kitco News, Schiff maintained a positive outlook for gold prices, noting that the precious metal is in “uncharted territory” with “no resistance.”
He stated, “I don’t think Gold’s going back to 2000,” saying it is off to “much higher levels without any resistance.”
Schiff predicted that gold prices could potentially double or triple from current levels.
Regarding the underperformance of gold mining stocks compared to gold itself, Schiff attributed this …
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