Loading ...A lot of people think, well, as soon as this thing gets resolved, the price of gold is going to crash, and so I’m not going to buy these gold stocks based on a temporarily inflated gold price. … If you think the gold price is going to crash once we have some type of resolution of this Russia situation, you are reluctant to pay up for these gold stocks.”
But Peter said he doesn’t think an end to the Russia-Ukraine war is bearish for gold. He did concede that the price of gold would likely drop on the day we get news that the war is resolved and sanctions are lifted. But Peter said it won’t stay down.
Before too long, whether it’s a matter of days or maybe a matter of weeks, gold will make a new high. Because gold is going up regardless of what goes on with Russia and Ukraine.”
https://www.zerohedge.com/markets/schiff-gold-neared-record-highs-week-and-its-not-just-russia