The Rise of Gold and Bitcoin: A Rally Mode Approaching Year-End

Peter Schiff, founder of Schiff Gold and Chief Market Strategist of Euro Pacific Asset Management, believes that the recent pullback in gold prices is just a temporary setback and that the bull market for gold and silver is just beginning. He sees the recent all-time high as indicative of a new bull market and expects tremendous gains in the future. Schiff also believes that silver is an even better buy at current prices. In contrast, he is skeptical about the prospects of Bitcoin ETFs, stating that the recent rise in cryptocurrencies is fueled by speculation and that there is no significant pent-up demand for a spot ETF.