Gold bug Peter Schiff says gold is the best asset to buy right now because of the Iran situation.


Gold will eventually rise no matter what — whether the conflict de-escalates with a ceasefire or escalates further.
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CheckTheBlockchainBefore
· 1h ago
If he is talking about "adjusting the golden ratio," I agree; but "All in gold" I don't agree.
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RetroRadioSignal
· 1h ago
Can conflicts increase without escalating? That depends on the coordination of inflation and interest rate cut expectations; otherwise, the narrative alone can't hold up.
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MemeFisher
· 1h ago
It feels more like an emotional premium this time; chasing the high easily leads to being washed out.
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Don’tRushToDoubleItYet.
· 1h ago
Schiff always takes the side of gold; if he's right, he brags, if he's wrong, he says you haven't held it long enough.
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SentimentIndicatorHarvester
· 1h ago
Actually, using gold for hedging is quite reasonable, but the conclusion should be "diversification + risk control," not a one-shot all-in statement.
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NoMoreRugs
· 1h ago
I will wait for the pullback to add some gold mining stocks/gold ETFs. When it’s safe as insurance, don’t expect guaranteed profits.
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NeonMeltsIceCream
· 1h ago
Don't forget that gold can also be hit by liquidity dumps; there have been many instances before where it rises first and then falls during a crisis.
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FlowingColorfulInkHeart
· 1h ago
It's understandable to buy gold due to geopolitical risks, but "it will rise no matter what" sounds too absolute.
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