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Lost in the 'Twilight Zone,' Peter Schiff can't understand why gold doesn't keep up with inflation
12:21p ET Friday, October 8, 2021
Dear Friend of GATA and Gold:
Market analyst, fund manager, and gold advocate Peter Schiff can't figure out why the price of gold isn't soaring along with inflation. His comments came yesterday in his podcast, which is headlined "This Is a Real Twilight Zone" and can be found at the Schiff Gold internet site here:
Schiff's purported puzzlement is pathetic and a huge loss to gold's cause, since he is favored as an analyst by some major news organizations.
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But then maybe they favor Schiff as an analyst precisely because he affects not to be able to figure out gold's counterintuitive performance.
Maybe it's the same way with another market analyst and gold advocate favored by major news organizations, James Grant of Grant's Interest Rate Observer, who understands perfectly well the insanity of the world financial system but studiously avoids getting to the center of it -- gold price suppression policy.
In New York some years ago at a meeting of the Committee for Monetary Research and Education at which we both spoke, your secretary/treasurer told Grant that since there were no longer any interest rates for him to observe, he might do well to examine intervention against gold. Much documentation then was sent to him but without result.
Those wishing to escape Schiff's "twilight zone" and discover the explanation for gold's failure to reflect soaring inflation can visit GATA's internet site for a comprehensive summary documenting central banking's longstanding and continuing war against the monetary metal:
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
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