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“Gold has already broken out,” he told Bet-David, alluding to the fact that central banks bought gold at “breakneck pace” in 2023, per the World Gold Council (WGC), with annual net ...
“Gold has already broken out,” he told Bet-David, alluding to the fact that central banks bought gold at “breakneck pace” in 2023, per the World Gold Council (WGC), with annual net ...
“I think what’s going to happen is the world’s going to reject the dollar like we rejected gold [in 1971] — and it’s going to go back on the gold standard,” Schiff predicted.
Schiff's critics pointed out that although asset price inflation has been significant, consumer price inflation rates remained very low in the five years that followed despite his predictions. [61] When the Fed ended the quantitative easing program in October 2014, the general opinion was the Fed would conduct multiple rate hikes in the year 2015.
In 1792, the gold/silver price ratio was fixed by law in the United States at 15:1, which meant that one troy ounce of gold was worth 15 troy ounces of silver; a ratio of 15.5:1 was enacted in France in 1803. The average gold/silver price ratio during the 20th century, however, was 47:1.
He also predicted that the price of gold would fall to USD$700 an ounce, later revising this prediction to 2017. On December 10, 2016, Dent predicted that the Dow Jones Industrial average could fall 17,000 points as a result of Donald Trump's election win. Less than two weeks later, Dent reversed his opinion and thinks there is short term ...
Now, my gold stocks did very well from 2000 to 2010-11, but over the last 10 years, I have bigger winners in the other half of my portfolio than I do in the gold stocks.”
“If you look back at prior periods where inflation was a problem, like the 1970s, the price of gold, in one decade where the Dow went down, the price of gold went from $35 an ounce to $850 ...
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