Highlights

The head of SchiffGold, Euro Pacific Capital, and Euro Pacific Gold Fund (EPGFX), thinks the US Fed is preparing for the largest bailout in history via a massive quantitative easing policy (QE4), that could send gold to $5,000+. A new US Housing bubble has arrived, a.k.a. the echo bubble, due to institutional speculation. But this time the subprime debt is also concentrated in delinquent auto / student loans putting $4 trillion at risk. US equities are also in bubble territory with the Dow higher only a few percent in 2017 compared with the spectacular 10%+ gains of the PMs. Financing the proposed fiscal stimulus plans could double the Federal spending deficit from $1 to $2 per year, eroding the purchasing power of the US dollar. Once the public realizes its been duped by overinflated housing / stock prices, the herd will panic and the next PMs stampede will begin in earnest. The Euro Pacific Gold Fund, EPGFX may represent a value opportunity for investors interested in the sector who wish to avoid individual share risk. At some point in the near future, institutions and deep pocket investors, central banks and sovereign funds could unintentionally corner the PMs shares / bullion, resulting in a bull market unlike any in modern history. Unless investors heed his warning, Peter Schiff expects entire generations of retirees to be wiped out by the coming inflationary maelstrom. Takeaway point - a global gold standard is inevitable and merely a matter of time.