Peter Schiff Explains Why This Is A 'Historic Bear Market' As Gold Logs Biggest One-Day Dollar Gain Ever - SPDR Gold Shares (ARCA:GLD)

Economist Peter Schiff issued a stark warning regarding the state of the current U.S. equity markets, following a record rally in gold spot prices.‘Historic Bear Market’ Amid Gold’s Record RallyOn Wednesday, in a post on X, Schiff highlighted gold’s record rally, calling it the “biggest one-day” rise against the U.S. Dollar in history, as the spot prices of the yellow metal soared to new record highs of $5,590 per ounce. In addition to gold’s surging value against the U.S. Dollar, Schiff also pointed to the ...