In his latest interview, Peter Schiff highlights gold's recent record highs, up 25% this year and outperforming major stock indices, as a signal of impending high inflation and a Federal Reserve policy mistake. He predicts the upcoming Fed rate cut cycle will be highly inflationary, potentially surpassing the COVID-era monetary policy in scale and duration, which could drive gold prices well above $5000. Schiff warns of a looming "brutal recession" with rising long-term interest rates, where Fed attempts to stimulate the economy will only fuel further inflation, while criticizing the media for largely ignoring gold's performance and its economic implications.
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Peter David Schiff is an American stockbroker, financial commentator, and radio personality. He co-founded Echelon Wealth Partners in Canada. He is involved in other financial services companies including Euro Pacific Asset Management, as an independent investment advisor, and Schiff Gold.
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