Gold Breaks Record, Silver Nears $40, Mining Stocks Surge | SchiffGold Friday Gold Wrap | SchiffGold
Jerome Powell’s pivot and a weakening dollar sent metals soaring.
Peter Schiff explains why gold broke all-time highs, silver hit a 13-year high, and mining stocks are leading the rally. Rate cuts mean QE, higher long rates, and a weaker dollar—making “waiting for pullbacks” a costly mistake. In this Friday Gold Wrap, Peter covers gold, silver, and miner surges, the widening yield curve, record trade deficits, and central banks dumping dollars for gold. He contrasts Bitcoin’s weak YTD vs. gold’s strength and warns $50 will become silver’s new floor once broken.
OTHER TOPICS DISCUSSED:
00:00 Gold and Silver Market Highlights
01:53 Gold Mining Stocks Performance
03:56 Investment Advice: Buy Now, Don’t Wait
06:45 Factors Driving Gold and Silver Prices
07:04 Impact of Federal Reserve Policies
09:56 US Dollar Decline and Global Reactions
12:12 Institutional Investors and Market Sentiment
20:39 Conclusion and Final Advice
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The above references an opinion and is for information purposes only. It is not intended to be investment advice.
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