{"id":48059,"date":"2019-08-28T07:16:47","date_gmt":"2019-08-28T12:16:47","guid":{"rendered":"https:\/\/olduvai.ca\/?p=48059"},"modified":"2019-08-28T07:16:53","modified_gmt":"2019-08-28T12:16:53","slug":"peter-schiff-gold-is-not-going-to-stop-this-time","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=48059","title":{"rendered":"Peter Schiff: Gold Is Not Going to Stop This Time"},"content":{"rendered":"\n<h3 class=\"wp-block-heading\"><a href=\"https:\/\/schiffgold.com\/videos\/peter-schiff-gold-is-not-going-to-stop-this-time\/\">Peter Schiff: Gold Is Not Going to Stop This Time<\/a><\/h3>\n\n\n\n<figure class=\"wp-block-image\"><a href=\"https:\/\/1mo0o3e03f7c59k045fwasgb-wpengine.netdna-ssl.com\/wp-content\/uploads\/2019\/08\/peter-rt-827.png\"><img decoding=\"async\" src=\"https:\/\/1mo0o3e03f7c59k045fwasgb-wpengine.netdna-ssl.com\/wp-content\/uploads\/2019\/08\/peter-rt-827.png\" alt=\"\"\/><\/a><\/figure>\n\n\n\n<p><a href=\"https:\/\/schiffgold.com\/buy\/gold\/\">Gold<\/a>&nbsp;has continued to push upward. The latest catalyst was another escalation of the trade war. Gold briefly moved above $1,550 in dollar terms. But it has done even better in relation to other currencies. In fact, the yellow metal is at record highs in nearly every currency except the dollar.<\/p>\n\n\n\n<p>Peter Schiff appeared on RT America on Aug. 26 to talk about it. He said he thinks gold is eventually going to make news highs in the dollar as well, and this time, it\u2019s not going to stop going up.<\/p>\n\n\n\n<figure><iframe loading=\"lazy\" src=\"https:\/\/www.youtube.com\/embed\/QGI9mZl9tLs\" width=\"560\" height=\"315\" allowfullscreen=\"allowfullscreen\"><\/iframe><\/figure>\n\n\n\n<p>Peter said he doesn\u2019t necessarily think that recession fears, in and of themselves, are pushing gold higher.<\/p>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p>They\u2019re worried about what the central banks, and in particular the Federal Reserve, is going to do about the next recession. That\u2019s why the price of gold is going up \u2014 because the Fed is going to be going back to zero; they\u2019re going to be going back to quantitative easing and all of this is good for gold.\u201d<\/p><\/blockquote>\n\n\n\n<p>Peter noted that gold has been making record highs in almost every currency except the dollar.<\/p>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p>And I think ultimately, we\u2019re going to make a high in the dollar, probably before too long. And you know, when the Fed did quantitative easing the first time, the reason that the gold rally stopped at $1,900 was because everybody believed that the Fed had an exit strategy and that they could reverse the process, normalize interest rates, unwind their balance sheet. When they realize that they were mistaken to believe that, that there is no exit strategy, that it\u2019s basically QE forever, that the balance sheet is going to grow into perpetuity&nbsp; \u2014 gold\u2019s not going to stop next time. It\u2019s going to keep on going.\u201d<\/p><\/blockquote>\n\n\n\n<p>&nbsp;\u2026click on the above link to read the rest of the article\u2026<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Peter Schiff: Gold Is Not Going to Stop This Time Gold&nbsp;has continued to push upward. The latest catalyst was another escalation of the trade war. Gold briefly moved above $1,550 in dollar terms. But it has done even better in relation to other currencies. In fact, the yellow metal is at record highs in nearly [&hellip;]<\/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":[963,1264,8114,839],"class_list":["post-48059","post","type-post","status-publish","format-standard","hentry","category-economics","tag-peter-schiff","tag-recession","tag-rt-news","tag-us-dollar"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/48059","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=48059"}],"version-history":[{"count":1,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/48059\/revisions"}],"predecessor-version":[{"id":48060,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/48059\/revisions\/48060"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=48059"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=48059"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=48059"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}