Schiff on Fox Business: The Whole Mining Sector is Cheap

Peter recently appeared on Fox Business to comment on the precious metal sector’s record-breaking price action. With the yellow and white metal both reaching new all-time highs and the futures market showing no sign of slowing, Peter explains the rally and analyzes its broader significance to American savers and world governments. 

He starts by putting both metals’ performance in perspective, noting their outsized gains this year:

This is an all-time record high for silver. It has eclipsed the peak from 1980– now not adjusted for inflation, but just the nominal price is now higher than at any price. And in fact, gold year-to-date is up 56%. Silver’s up more than that, but gold’s up 56%! That is the biggest one year gain since the 1970s, and we still have two and a half months left.