China’s Gold Holdings Rise Again as Central Bank Extends Buying Streak
Gold ETFs stay strong while jewellery demand cools in seasonal shift
Gold ETFs stay strong while jewellery demand cools in seasonal shift
Economist and gold critic Peter Schiff argues Bitcoin is tightly correlated with tech equities, not gold, and highlights key divergences in asset behavior and risk profiles.
Gold prices have surged to over $3,300/oz, while production costs remain stable, driving record margins for miners. However, many equities in the sector still trade as if gold were under $2,000.
Peter Schiff reaffirms gold’s lasting value and slams Bitcoin as speculative. Meanwhile, gold trades near $3,342/oz, silver nears $38/oz, and safe‑haven demand remains resilient.
Silver dropped nearly $3 to just above $36/oz, prompting Peter Schiff to see opportunity: “buy some silver today,” pointing to a potential long-term breakout in the metal.
Gold-miner stocks appear on the brink of a long-awaited breakout versus the spot gold price, signaling potential outperformance just as bullion nears record highs and silver rallies.