The Gold Bull Vs. The Paper Tiger

Peter Schiff's Gold Letter

Make sure you check out Peter Schiff’s June Gold Letter that was released this morning. Jeff Clark of Casey Research has a fascinating commentary on the action in the platinum and palladium markets, and Chris Marcus of Arcadia Economic Consulting asks the question the media doesn’t want to address: Who will buy US bonds when the Fed stops? In his own commentary, Peter looks at the ongoing correction in gold and what investors can make of it.

“That’s all, folks. One look at the headlines will tell you the gold bull market is officially over: the stock market is booming, a modest recovery of the US economy is underway, and the dollar is dominating the forex. Time to sell your bullion and get back into US stocks!

Does anyone really believe this story at this point? Haven’t we been through this time and again since 2008? Remember ‘green shoots’?

The sad truth is that American investors, accustomed to a world of rising stock and housing prices for several generations, are experiencing short-term memory loss. It’s as if their longing for the ‘good old days’ has made them subconsciously suppress any unpleasant memories.”

Continue Reading Peter Schiff’s Gold Letter

Follow us on Twitter to stay up-to-date on Peter Schiff’s latest thoughts: @SchiffBlog

This entry was posted in Peter's Commentaries. Bookmark the permalink.

Comments are closed.