Gold prices have reached a new milestone, topping $2,000 for the first time ever. Still, most people don’t really understand the significance of the rise and what it means for the US dollar, says veteran stockbroker Peter Schiff.
In his latest podcast, Schiff says that “in reality, gold is the only asset that’s not in a bubble because of negative real interest rates.” The only thing that really surprised him about the precious metal exceeding $2,000 is that it took so long to get there.
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