Don’t Wait for $3,000 To Buy Gold
Last night, Peter took to YouTube for a special livestream on gold’s recent price action and a few headlines from early this week. He argues the mainstream media and retail investors seem to have lost sight of the metal’s explosive potential. While everyone else is busy hyping Bitcoin, the smart money is piling into gold, setting the stage for what he calls a major short squeeze and a bullish turnaround.
Schiff begins by highlighting the stark media oversight of gold’s all-time highs:
Despite the repeated new highs in the price of gold, nobody is talking about it, I mean, other than me. I watched CNBC pretty much all day just waiting for somebody to mention gold and nobody did. Now, maybe somebody mentioned it after I stopped watching, but they didn’t mention gold. They certainly didn’t mention that it was at a record high. All they mentioned was Bitcoin. They mentioned it repeatedly throughout the day. They had multiple segments that featured guests that talked about Bitcoin and they never once acknowledged what was happening in gold. In fact, when it comes to retail investors, not only are they not participating, they’re selling.
It seems retail investors are hoping for a dramatic pullback, but Peter warns that this is unlikely. Other assets that track gold’s price are also a b
Article from LewRockwell
LewRockwell.com is a libertarian website that publishes articles, essays, and blog posts advocating for minimal government, free markets, and individual liberty. The site was founded by Lew Rockwell, an American libertarian political commentator, activist, and former congressional staffer. The website often features content that is critical of mainstream politics, state intervention, and foreign policy, among other topics. It is a platform frequently used to disseminate Austrian economics, a school of economic thought that is popular among some libertarians.
