Peter Schiff: There Is No Ceiling On Inflation
Gold closed out the week before Christmas above $1,800 an ounce, despite rising bond yields. The $1,800 level has been viewed as a ceiling for the price of gold. In his podcast, Peter Schiff said people need to start thinking of $1,800 as a floor. And he said they will once they realize there is no ceiling on inflation.
We got the personal income and spending data for November last week. Incomes grew at a slower...
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