Peter Schiff: Gold May Skyrocket to $100K with a Weakening Dollar
Peter Schiff, a prominent economist and gold advocate, predicts that gold could surge significantly as the U.S. dollar weakens.
In a recent discussion, he suggested that if gold can rise from $20 to $2,600 per ounce, it might eventually reach $26,000 or even $100,000. Schiff highlighted the risks posed by U.S. foreign policy, China’s economic growth, and potential inflation due to war, arguing that these factors will likely devalue the dollar.
He remains optimistic about gold’s future, noting it has experienced its largest dollar gain in history this year, yet warns that many investors still overlook the bull market in gold and mining stocks.
Clever Robot News Desk 8th October 2024
