Gold Déjà Vu? Schiff Says This Crash Looks Just Like 2008 — Massive Surge Ahead

Prominent economist Peter Schiff made a bold call on Monday, drawing a direct parallel between gold’s current selloff and the 2008 Global Financial Crisis. Writing on X, Schiff said, “In the early months of the 2008 GFC, gold crashed 32%, about 40% of its prior bull-market gain.” He argued the setup looks identical today. Gold nearly hit $4,100 Monday, down 27% from its peak — also roughly 40% of its gain since the $2,000 level. His conclusion: “A 178% surge from that low puts gold at $11,400.” Don't Mi ...