Schiff: Traders Begin to Realize Higher Inflation Is Bullish for Gold
The Great Rotation is underway.Gold closes the month with its highest monthly close since August 2020.Headline PCE has biggest rise in 13 years.Core CPE has biggest rise in 25 years.Rent rises 5.4%. Food rises 28%.Traders waking up to reality that inflation is bearish for the dollar and bullish for gold.JP Morgan risks their clients' investments to collect their fees.Government budgets are just optimistic wish lists.
Peter Schiff is an internationally recognized economist specializing in the foreign equity, currency and gold markets. Mr. Schiff made his name as President and Chief Global Strategist of Euro Pacific Capital. He frequently delivers lectures at major economic and investment conferences, and is quoted often in the print media, including the Wall Street Journal, New York Times, Barron's, BusinessWeek, Time and Fortune. His broadcast credits include regular guest appearances on CNBC, Fox Business, CNN, MSNBC, and Fox News Channel, as well as hosting his own weekly radio show, Wall Street Unspun. He's also the author of the bestselling books: Crash Proof 2.0
