Gold Bull Peter Schiff Not Impressed About Perceived Safety In Treasuries — 'You Don't Understand The Real Problem'
Portfolio Pulse from Bhavik Nair
Peter Schiff, chief economist at Euro Pacific Capital, warns investors that U.S. Treasuries will not provide a safe haven in current times. Treasury yields declined on Thursday, while iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) and Vanguard Short-Term Treasury Index Fund ETF (NASDAQ:VGSH) gained. Schiff also commented on the gold rally, suggesting the recent correction is over.
June 02, 2023 | 5:16 am
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POSITIVE IMPACT
iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) closed 0.16% higher on Thursday.
The ETF gained on Thursday, but Peter Schiff's warning about the perceived safety in Treasuries may cause investors to reconsider their positions in the short term.
CONFIDENCE 90
IMPORTANCE 50
RELEVANCE 50
POSITIVE IMPACT
Vanguard Short-Term Treasury Index Fund ETF (NASDAQ:VGSH) gained 0.18% on Thursday.
The ETF gained on Thursday, but Peter Schiff's warning about the perceived safety in Treasuries may cause investors to reconsider their positions in the short term.
CONFIDENCE 90
IMPORTANCE 50
RELEVANCE 50