Sell dollars and buy silver. That’s Goldman Sachs’ recommendation.
Peter Schiff has been warning about a dollar collapse and now the mainstream is even getting bearish on the dollar.
In response to the economic shutdowns imposed by governments to deal with the coronavirus pandemic, the Federal Reserve is printing money to infinity and beyond. On top of that, it has shifted its inflation targeting to allow inflation to run hot meaning there is no end in sight to the currency debasement. This is bearish for the dollar and an article published by Reuters last month quoted a number of mainstream analysts talking about “dollar woes.” Read more…..
Chart of the Day
Even Goldman Sach is telling people to dump dollar and buy silver now.