Peter Schiff Highlights Pandemic Darling Stock's 98.5% Decline To Make A Point About Mispriced Gold...

Published on 3 May 2024 on Benzinga

Peter Schiff Highlights Pandemic Darling Stock's 98.5% Decline To Make A Point About Mispriced Gold...

Renowned economist and gold advocate Peter Schiff used the drastic plunge in Peloton Interactive Inc PTON stock to illustrate his theory on the mispricing of gold mining stocks.

What Happened: Schiff highlights the staggering 98.5% decline in Peloton’s stock, which reached a record low of $2.70. He emphasized how this situation mirrors the current state of gold mining stocks, but in reverse.

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Peter Schiff Highlights Pandemic Darling Stock's 98.5% Decline To Make A Point About Mispriced Gold...

Renowned economist and gold advocate Peter Schiff used the drastic plunge in Peloton Interactive ...

Benzinga 3 May 2024

News

Peter Schiff Highlights Pandemic Darling Stock's 98.5% Decline To Make A Point About Mispriced Gold...

TSX.NGT price evolution

NYSE.KGC price evolution

NYSE.NEM price evolution

Want to become a better investor?