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Economist and gold advocate Peter Schiff underscored gold’s impressive 2024 gains, reaching a record high on Tuesday. He wrote on social media platform X: “Gold closed at a record high above $2,775, on track for its best year since 1979.” Schiff added, “The difference is that in 1979, inflation was near its peak and the gold bull market was near its end, whereas now inflation is near its trough