Categories: General Market Commentary / Precious Metals
Topics: General Market Commentary / General Precious Metals

Recession coming, gold price to skyrocket like hot knife through butter – Peter Schiff

More monetary stimulus will come to prevent an imminent recession, and a larger money supply would be bullish for gold, this according to Peter Schiff, CEO of Euro Pacific Capital.

“I think that people have got this wrong, everybody is looking at this event as deflationary, but it is actually the opposite. You’re going to have a reduction of production, so less supply of goods, and the world is going to be flooded with money,” Schiff told Kitco News.