Wall Street Heavyweight Claims Gold Is Replaying the "2008 Script" and Boldly Predicts Gold Will Subsequently Rebound to $11,400

【Wall Street tycoon claims gold is reenacting the “2008 script” and boldly predicts gold will rebound to $11,400】Financial Associated Press, March 25 — Wall Street renowned economist Peter Schiff predicts that the current sell-off in gold is reenacting the “2008 global financial crisis” script, and forecasts that gold will rebound to $11,400. Schiff believes that after the war ends, governments will still need to pay for additional weapons and reconstruction costs, leading to larger fiscal deficits and inflation, which are positive for gold.