{"id":50404,"date":"2020-01-03T12:23:46","date_gmt":"2020-01-03T17:23:46","guid":{"rendered":"https:\/\/olduvai.ca\/?p=50404"},"modified":"2020-01-03T12:23:53","modified_gmt":"2020-01-03T17:23:53","slug":"peter-schiff-the-20s-will-be-an-explosive-decade-for-gold","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=50404","title":{"rendered":"Peter Schiff: The 20\u2019s Will Be An Explosive Decade for Gold"},"content":{"rendered":"\n<h3 class=\"wp-block-heading\"><a href=\"https:\/\/schiffgold.com\/commentaries\/peter-schiff-the-20s-will-be-an-explosive-decade-for-gold\/\">Peter Schiff: The 20\u2019s Will Be An Explosive Decade for Gold<\/a><\/h3>\n\n\n\n<figure class=\"wp-block-image\"><a href=\"https:\/\/1mo0o3e03f7c59k045fwasgb-wpengine.netdna-ssl.com\/wp-content\/uploads\/2020\/01\/peter-rt-jan-31-1024x575.png\"><img decoding=\"async\" src=\"https:\/\/1mo0o3e03f7c59k045fwasgb-wpengine.netdna-ssl.com\/wp-content\/uploads\/2020\/01\/peter-rt-jan-31-1024x575-1024x575.png\" alt=\"\"\/><\/a><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\">In 2019,&nbsp;<a href=\"https:\/\/schiffgold.com\/buy\/gold\/\">gold<\/a>&nbsp;had its&nbsp;<a href=\"https:\/\/schiffgold.com\/key-gold-news\/gold-has-best-year-since-2010\/\">best year since 2010<\/a>. Peter Schiff appeared on the RT Dec. 31 and said he thinks the yellow metal should have done even better. And given the current economic conditions, he believes the 20\u2019s will be an explosive decade for gold.<\/p>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p>You know, the reason the US stock market went up this year is because the Fed surprised everybody by doing exactly what I had been predicting they would do. They aborted their feigned attempt to normalize their interest rates and shrink their balance sheet. They went back to rate cuts and quantitative easing. This is extremely bullish for gold.\u201d<\/p><\/blockquote>\n\n\n\n<figure><iframe loading=\"lazy\" src=\"https:\/\/www.youtube.com\/embed\/dTxo-YjSGeo\" width=\"560\" height=\"315\" allowfullscreen=\"allowfullscreen\"><\/iframe><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\">Peter emphasized that gold should have been up a lot more in 2019, but he thinks it will catch up over the next several years \u2014 probably next year in particular.<\/p>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p>Gold is going to be one of the best-performing assets classes, if not the best-performing asset class on the planet.\u201d<\/p><\/blockquote>\n\n\n\n<p class=\"wp-block-paragraph\">Peter noted that gold made significant gains in 2019 despite a dollar that was relatively flat.<\/p>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p>But the dollar is going to fall through the floor. That means gold prices are going to go through the roof.\u201d<\/p><\/blockquote>\n\n\n\n<p class=\"wp-block-paragraph\">Peter said we are about to enter a new decade of stagflation&nbsp; \u2013 low economic growth and&nbsp;<a href=\"https:\/\/schiffgold.com\/key-gold-news\/the-lurking-inflation-monster\/\">increasing inflation<\/a>. He said it\u2019s going to be even worse than the stagflation we saw in the 1970s.<\/p>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p>This is going to be more like an inflationary depression. So, this century, the depression is going to come a decade early. It\u2019s not going to be the roaring 20s. It\u2019s going to be a decade of inflationary depression in the United States.\u201d<\/p><\/blockquote>\n\n\n\n<p class=\"wp-block-paragraph\">\u2026click on the above link to read the rest of the article\u2026<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Peter Schiff: The 20\u2019s Will Be An Explosive Decade for Gold In 2019,&nbsp;gold&nbsp;had its&nbsp;best year since 2010. Peter Schiff appeared on the RT Dec. 31 and said he thinks the yellow metal should have done even better. And given the current economic conditions, he believes the 20\u2019s will be an explosive decade for gold. You [&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":[374,431,963,662,3650,2442],"class_list":["post-50404","post","type-post","status-publish","format-standard","hentry","category-economics","tag-gold","tag-interest-rates","tag-peter-schiff","tag-quantitative-easing","tag-us-federal-reserve","tag-us-stock-market"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/50404","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=50404"}],"version-history":[{"count":1,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/50404\/revisions"}],"predecessor-version":[{"id":50405,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/50404\/revisions\/50405"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=50404"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=50404"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=50404"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}