Peter Schiff: State of the Gold Market 2015 (Exclusive Forecast & Charts) - Video
Peter Schiff / Gold Seek
In his first Gold Videocast of 2015, Peter Schiff looks back at gold’s performance on the global markets in 2014 and forecasts where the yellow metal is headed in the new year. Learn why:
- Contrary to bear predictions, gold performed better than almost every major stock market and currency in the world in 2014.
- The collapsing oil price may be a bad omen for the US stock market.
- The US is headed for recession in 2015 – which will force the Fed to keep printing money.
See below for exclusive charts and data Peter says every investor must see.
0:30 – The gold price in US dollars was basically unchanged in 201
4, contrary to all bearish predictions.
1:07 – Gold had a huge year in every currency other than the dollar.
1:48 – Gold also beat almost every stock market in the world.
2:17 – Gold and gold mining stocks have risen significantly in the first week of 2015.
3:00 – Gold prices are rising despite the fact the US dollar index is hitting new highs.
3:20 – There have been major breakouts in the euro and Swiss franc gold prices.
4:00 – Gold has returned to a bull market in almost every currency except the US dollar.
4:30 – Oil prices dropped significantly in the past couple months, while gold prices did not.
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