From Benzinga: 2024-04-06 03:35:34

Economist Peter Schiff dismisses the Dow Jones surge as a “stealth bear market” in gold. Despite the 300-point rise, the Dow is overshadowed by gold’s 1.7% jump. Schiff predicts a 35% upside for commodity prices. Gold closes at an all-time high of over $2,300 per ounce, driven by demand following a strong March jobs report. Schiff suggests Bitcoin holders exchange their holdings for gold and silver. Other experts, like David Einhorn, are bullish on gold as a hedge against inflation. Schiff’s comments come amidst a significant surge in gold prices and mining stocks rallying to an 11-month peak.



Read more at Benzinga: Peter Schiff Warns Stocks Are In A ‘Stealth Bear Market’ As Gold Hits Record High: ‘Don’t Get Excited About Today’s 300 Point Rise In The Dow Jones’