{"id":30396,"date":"2018-01-31T20:07:54","date_gmt":"2018-02-01T01:07:54","guid":{"rendered":"http:\/\/olduvai.ca\/?p=30396"},"modified":"2018-01-31T20:07:54","modified_gmt":"2018-02-01T01:07:54","slug":"peter-schiff-the-price-of-gold-is-going-to-soar-and-the-dollar-will-collapse","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=30396","title":{"rendered":"Peter Schiff: \u2018The Price Of Gold Is Going To Soar\u2019 And \u2018The Dollar WILL Collapse\u2019"},"content":{"rendered":"

Peter Schiff: \u2018The Price Of Gold Is Going To Soar\u2019 And \u2018The Dollar WILL Collapse\u2019<\/a><\/h3>\n
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\"peterschiff\"<\/p>\n

Peter Schiff recently attended the Vancouver Resource Investment Conference. While he was there, he did\u00a0an interview with\u00a0Daniela Cambone of Kitco News<\/em><\/a>\u00a0and Schiff said gold is going to soar.<\/p>\n

But Schiff (who predicted the 2008 recession)<\/a> also explains why he believes now may be a good opportunity to invest in physical gold<\/a>. Schiff said that the standard sentiment shared by many is that once the Federal Reserve jacks up interest rates, gold will stay level and unaffected. But that didn\u2019t happen.\u00a0Schiff said that the yellow metal has surprised the initial expectations<\/a> that it would fall when the Fed raised rates; gold has climbed 9% since the Fed hiked last month.<\/p>\n

Gold has not really rallied. It\u2019s been going up, right? But it\u2019s been creeping higher. Now, everybody expected it to fall. Everybody believed that as soon as the Fed hiked rates, gold\u2019s gonna tank. And it didn\u2019t tank. It rallied. -Peter Schiff<\/p><\/blockquote>\n

Investors tend to\u00a0sell the rumor of rate hikes and buy the fact<\/a>\u00a0when in reality, the higher interest rates are not bearish for gold. But as Peter points out, that mindset still exists in the market<\/a>.<\/p>\n

But you know, the Fed keeps raising rates a little bit, every once in a while, and everybody still believes that, well, the Fed is raising rates, so that\u2019s bearish for gold. So, everybody expects gold to fall, yet it continues to creep higher.<\/strong> But I think once it overcomes some of this resistance \u2013\u00a0 it has a lot of resistance around $1,350 \u2013 and I think if we can decisively move above that and then get above $1,400, just to make sure it\u2019s cleared out, then I think it\u2019s off to the races.<\/p><\/blockquote>\n

…click on the above link to read the rest of the article…<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Peter Schiff: \u2018The Price Of Gold Is Going To Soar\u2019 And \u2018The Dollar WILL Collapse\u2019 Peter Schiff recently attended the Vancouver Resource Investment Conference. While he was there, he did\u00a0an interview with\u00a0Daniela Cambone of Kitco News\u00a0and Schiff said gold is going to soar. But Schiff (who predicted the 2008 recession) also explains why he believes […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[2],"tags":[18259,374,15837,6489,963,6490,839,18258],"class_list":["post-30396","post","type-post","status-publish","format-standard","hentry","category-economics","tag-daniela-cambone","tag-gold","tag-kitco-news","tag-mac-slavo","tag-peter-schiff","tag-shtfplan-com","tag-us-dollar","tag-vancouver-resource-investment-conference"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/30396","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=30396"}],"version-history":[{"count":1,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/30396\/revisions"}],"predecessor-version":[{"id":30397,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/30396\/revisions\/30397"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=30396"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=30396"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=30396"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}