**Peter Schiff Predicts the Strongest Gold Bull Market in History Has Begun**
Economist and gold advocate, Peter Schiff, highlighted the extraordinary strength of the gold market in a statement on the social media platform X on Thursday (20/03). He stated that we are currently in the strongest gold bull market in history, despite very weak investor sentiment.
Although gold prices have surpassed US$3,000 per ounce, Schiff noted the skepticism of investors which has caused an unexpected decline in gold mining stocks.
“Gold prices above US$3,000 per ounce, and the US$15 drop this morning is insignificant. Gold mining stocks should be rising, but anxious investors keep selling them. This is the strongest gold bull market, yet with the weakest sentiment,” Schiff said in his post on X.
Schiff also discussed gold's resilience amid the strength of the US dollar and predicted that the dollar's weakening will continue. He emphasized that as long as gold prices remain close to US$3,000, gold mining stocks should be able to outperform Wall Street's earnings expectations.
“It doesn’t make sense for gold mining stocks to drop just because gold prices have slightly decreased. Gold mining stocks remain cheap even if gold prices drop to US$2,000, and they should exceed Wall Street's earnings estimates if gold prices are around US$3,000,” he stated.
Schiff analyzed the broader financial landscape, arguing that traditional stock market metrics do not accurately account for inflation. According to Schiff, when measured against gold, stock market performance is much weaker than it appears in dollar terms.
