Article Image

IPFS News Link • Gold and Silver

Peter Schiff: I'm Even More Bullish on Gold Now!


Peter gave his outlook for inflation, stocks, and gold in 2023. Peter said we had better get prepared for an inflationary depression. He also emphasized that he is very bullish on gold in the year ahead.

"Obviously, I've been bullish for a while. But I'm even more bullish now to the extent that's possible, based on what's been happening."

Peter said he expects "significantly higher" gold and silver prices in the year ahead. That will also push up gold mining stocks. Peter emphasized that gold mining stocks are currently extremely cheap and under-owned.

"Nobody in the institutional community really has any kind of position in this sector. I think by the end of the decade, they'll all have positions in this sector. But of course, the stocks are going to be much more expensive at that point, so don't wait for the crowd to figure it out. You want to anticipate where the crowd is going to be, and you get there first."

Peter said he's not just bullish on gold for 2023.  He's bullish for the rest of the decade and probably more.