This guy is recommending gold for a long time. And he is predicting it can even reach 10k, which is 3x from now.
As USD collapses , alternatives such as gold and even bitcoin will get a lot of money.
https://www.schiffsovereign.com/trends/dollar-alert-foreign-central-banks-now-own-more-gold-than-usd-153457Foreign governments and central banks now own more gold than they own US Treasury securities.
That means that foreign nations trust in gold more than they trust in the US government.
We’ve been saying this for years: foreign central banks are selling their dollars, and using those dollars to buy gold.
Why? Because the US government’s massive debts make it a less trustworthy lender. While it’s unlikely that the US would outright default, it is very likely that Uncle Sam will eventually turn to the money printer as the “solution” to its debt challenge.
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At $2,000 gold we said this was just the beginning. At $3,000 gold we said that the story was still in its early days. At $3,500 gold, I’m still telling you that this story has much longer to play out.
Nothing goes up or down in a straight line, so there will always be pullbacks and corrections. But the case for gold easily goes to $5,000… and potentially well over $10,000.