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by paulpauper 1188 days ago
Schiff didn't account for the economic ignorance of the masses in his prediction.

If he is as smart or knowledgeable as he claims or held up to be, then he should have factored that into his forecast and advice. IF the fed is going to do everything in its power to save the economy, why fight it?
1 comments
fyzix 1188 days ago
>IF the fed is going to do everything in its power to save the economy, why fight it?

This is a popular sentiment among traders...why fight the FED? Because there is nothing they can do to bring inflation back to 2%. They all but admitted this with their return to QE. When the masses realize this...gold will surge.

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bruce511 1188 days ago
Certainly those who bought gold as a cash-hedge are hoping it surges...

Alas if, for some inexplicable reason, those unwashed masses don't realize that the gold I bought cheap, isn't the only thing worth buying (at my inflated price) then I will be most disappointed.

I guess it doesn't help that gold-hawking is looking more and more scammy everyday, like when c-level political celebrities with large followings seem happy to flog their "sponsors gold" during political messaging.

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