Gold surges past $3,000 — Peter Schiff says it’s just the beginning

Investors can feel concern because the struggle of shares in continuous trade tensions and tariffs. However, according to economist Peter Schiff, one asset stands in conditions of uncertainty. Gold.

“Today marks the monumental moment in the history of gold, as the price is closed by an ounce of 3,000 dollars. Despite the silence of the media, this development is significant, “Schiff wrote.” Instant On March 17th.

As a chief economist and global strategic management of the Euro Pacific assets, Schiff was a long time of gold supporter.

Back in November 2023, when gold finished in $ 2000 ounces, she called a “Significant destination” X and predicted that “there are many higher prices soon.”

Now, by mid-March, this prediction has already played, but Schiff thinks that the rally is far away.

“While the central banks have gold reserves, retail investors have a unique opportunity for capitalization.

Schiff is not alone to Central Banks as the main force of gold growth.

2024 Central banks increased 1,045 tons global resources, indicating the third consecutive year of net purchases exceeding 1000 tons Gold World CouncilA number

Goldman Sachs: He focused that by recently raised the forecast of the 2025 gold price for $ 3,100 per ounce, citing the demand of the “Higher Structural Central Bank”.

The purchase of the Central Bank for Schiff is not only about portfolio diversification. It is a warning sign.

Many investors turn to gold as inflation, unlike fiat currencies, cannot be published by central banks.

Schiff claims that the growing appetite of gold is deeper.

“The investors did not even wake up what central banks do, but the central bankers are a Fiat monetary system,” he said. “In the FIAT monetary system, the domestic people throw their dollars to buy gold. They obviously know something, and the society has not yet caught. “

So what do they know that retail investors are not?

Schiff thinks it’s clear. Inflation does not leave.

“The investors did not wake up the reality of high inflation, as far as you can see that they still believe that Fed will be able to get inflation to 2%,” he said, “he said. “Inflation is not going anywhere. In fact, it has already come out and is much higher, but none of that really in gold. “