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Published on 3 May 2024 on Benzinga

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

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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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