{"id":48380,"date":"2019-09-10T16:19:54","date_gmt":"2019-09-10T21:19:54","guid":{"rendered":"https:\/\/olduvai.ca\/?p=48380"},"modified":"2019-09-10T16:20:00","modified_gmt":"2019-09-10T21:20:00","slug":"peter-schiff-the-only-winners-will-be-the-people-who-bought-gold-and-silver","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=48380","title":{"rendered":"Peter Schiff: The Only Winners Will Be the People Who Bought Gold and Silver"},"content":{"rendered":"\n<h3 class=\"wp-block-heading\"><a href=\"https:\/\/schiffgold.com\/videos\/peter-schiff-the-only-winners-will-be-the-people-who-bought-gold-and-silver\/\">Peter Schiff: The Only Winners Will Be the People Who Bought Gold and Silver<\/a><\/h3>\n\n\n\n<figure class=\"wp-block-image\"><a href=\"https:\/\/1mo0o3e03f7c59k045fwasgb-wpengine.netdna-ssl.com\/wp-content\/uploads\/2019\/09\/peter-claman-0910.png\"><img decoding=\"async\" src=\"https:\/\/1mo0o3e03f7c59k045fwasgb-wpengine.netdna-ssl.com\/wp-content\/uploads\/2019\/09\/peter-claman-0910.png\" alt=\"\"\/><\/a><\/figure>\n\n\n\n<p>Gold has been on a three-day skid, but as Fox Business anchor Liz Claman put it, \u201cSo what? It\u2019s been a breakout summer for bullion.\u201d<\/p>\n\n\n\n<p>Over the last three months, gold is up about 12% and has hit six-and-a-half year highs in recent weeks.<\/p>\n\n\n\n<p>Peter Schiff joined Claman, along with, Frank Holmes and Imaru Cassanova on&nbsp;<em>The Claman Countdown<\/em>&nbsp;to talk about the yellow metal.<\/p>\n\n\n\n<figure><iframe loading=\"lazy\" src=\"https:\/\/www.youtube.com\/embed\/7b4nDK_2vz0\" width=\"560\" height=\"315\" allowfullscreen=\"allowfullscreen\"><\/iframe><\/figure>\n\n\n\n<p>Holmes started out the segment saying that recession fears are driving central bank easy monetary policy and that\u2019s good for gold.<\/p>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p>Each month we\u2019re seeing more and more governments offering you a negative real rate of return on your money and that automatically makes gold much more attractive. And I don\u2019t think it\u2019s ending yet.\u201d<\/p><\/blockquote>\n\n\n\n<p>Cassanova said gold has come back in favor after being range-bound for nearly six years.<\/p>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p>In June, it broke out \u2026 The driver there was the Fed. What is the Fed signaling when they are shifting, when they are going from tightening to cutting? They\u2019re saying we too are worried about the US economy. And investors responded to that \u2014 to the higher risk of a recession in the US.\u201d<\/p><\/blockquote>\n\n\n\n<p>Claman noted&nbsp;<a href=\"https:\/\/schiffgold.com\/key-gold-news\/china-buys-more-gold-reserves-up-nearly-100-ton-on-the-year\/\">China has added about 100 tons of gold to its reserves<\/a>&nbsp;over the last nine months. She asked Peter if China\u2019s stockpiling of gold plays into the picture. He said he expects China to keep adding gold, along with other central banks because they recognize the weakness of the US dollar.<\/p>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p>The dollar is actually very weak. People have been looking at the dollar versus other fiat currencies. But if you look at the dollar\u2019s decline against gold, that really tells you that we have a weak dollar, not a strong dollar, and I think it\u2019s going to get a lot weaker. <\/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: The Only Winners Will Be the People Who Bought Gold and Silver Gold has been on a three-day skid, but as Fox Business anchor Liz Claman put it, \u201cSo what? It\u2019s been a breakout summer for bullion.\u201d Over the last three months, gold is up about 12% and has hit six-and-a-half year highs [&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":[3230,647,27137],"class_list":["post-48380","post","type-post","status-publish","format-standard","hentry","category-economics","tag-fox-news","tag-precious-metals","tag-the-claman-countdown"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/48380","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=48380"}],"version-history":[{"count":1,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/48380\/revisions"}],"predecessor-version":[{"id":48381,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/48380\/revisions\/48381"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=48380"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=48380"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=48380"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}