“I think the price of gold is going up next year, so I want to own it, but I don’t know how much is going to go up, but I do believe that once we really start to take off, gold can go from $1,500 to $2,000 very quickly,” Schiff told Kitco News.
“The fact that the curve has inverted I don’t think means that the recession has been avoided. Maybe it’s been delayed a little bit, and typically when you have recessions, the yield curves will normalize prior to the recession,” he said.
Schiff said that we are still headed for a recession and that it will be more “severe” than the last one.
- Source, Kitco News
