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Peter Schiff: Rise in #الذهب and #الفضة after government shutdown ends... Investors are seeking alternatives to the dollar
Economist Peter Schiff stated that the end of the government shutdown led to an increase in futures contracts for stocks, gold, silver, and Bitcoin.
He added via his official X platform account that this agreement signifies a return to normalcy in Washington, D.C., explaining that the budget deficit and inflation are expected to rise, and investors will continue searching for alternatives to the declining US dollar.
The US Senate approved a bill to end the #البيتكوين that has been ongoing for 40 days, after members voted 60 to 40 in favor of the measure aimed at reopening the government and funding it until January 30.
Source: Peter Schiff via X platform + Reuters.