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Re: For you gold bugs,,,,,,,,,,,,,,,,,Peter Schiff: Gold Is Not Going To Stop This Time 

By: Decomposed in POPE 5 | Recommend this post (1)
Wed, 28 Aug 19 6:21 AM | 25 view(s)
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Msg. 38773 of 62138
(This msg. is a reply to 38769 by capt_nemo)

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Schiff's reasoning is worth considering:

And I think ultimately, we’re going to make a high in the dollar, probably before too long. And you know, when the Fed did quantitative easing the first time, the reason that the gold rally stopped at $1,900 was because everybody believed that the Fed had an exit strategy and that they could reverse the process, normalize interest rates, unwind their balance sheet. When they realize that they were mistaken to believe that, that there is no exit strategy, that it’s basically QE forever, that the balance sheet is going to grow into perpetuity — gold’s not going to stop next time. It’s going to keep on going.”





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Gold is $1,581/oz today. When it hits $2,000, it will be up 26.5%. Let's see how long that takes. - De 3/11/2013 - ANSWER: 7 Years, 5 Months


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The above is a reply to the following message:
For you gold bugs,,,,,,,,,,,,,,,,,Peter Schiff: Gold Is Not Going To Stop This Time
By: capt_nemo
in POPE 5
Wed, 28 Aug 19 4:25 AM
Msg. 38769 of 62138

http://feedproxy.google.com/~r/zerohedge/feed/~3/-mwRYAlsg7o/peter-schiff-gold-not-going-stop-time


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