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

By: capt_nemo in POPE 5 | Recommend this post (1)
Wed, 28 Aug 19 6:26 AM | 24 view(s)
Boardmark this board | Pope 5 		Msg. 38776 of 62138
(This msg. is a reply to 38773 by Decomposed)
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HAHA I Knew you would be the one to reply. It was for you ya gold bug... Mr. Green




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Realist - Everybody in America is soft, and hates conflict. The cure for this, both in politics and social life, is the same -- hardihood. Give them raw truth.




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The above is a reply to the following message:
Re: For you gold bugs,,,,,,,,,,,,,,,,,Peter Schiff: Gold Is Not Going To Stop This Time
By: Decomposed in POPE 5
Wed, 28 Aug 19 6:21 AM 		Msg. 38773 of 62138

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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