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Schiff: History suggests gold will skyrocket again

Posted on 09 July 2013

The old adage “history repeats itself” has been applied to all facets of the investing world, but it’s especially apparent in the commodity world. With most assets displaying cyclical returns and seasonality, the history of many commodities is bound to repeat itself the following year. When it comes to gold, Peter Schiff believes that the phrase points the path to a major run up in gold that few investors will be counting on.
In 1976, gold had just finished bottoming out as a correction put an end to a multi-year bull run. Schiff notes that at this point in time, the American economy was at a point where confidence was returning and investors where beginning to increase their risk appetite………………………………………..Full Article: Source


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VRS - who has written 34624 posts on Opalesque Commodities Briefing.


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