Peter Schiff is betting that gold has not finished its latest surge, arguing that the US Treasury's attempt to contain long-term borrowing costs is exposing a much bigger problem: investors may be losing confidence in Washington's ability to control inflation, Treasury yields, and the US dollar.
Gold has already moved above $4,600 per ounce, gaining roughly 15% during the first three weeks of August, according to Schiff. For the prominent gold bull, that performance is itself a warning that markets are questioning the Federal Reserve's supposedly hawkish inflation stance.
