Peter Schiff Sees Potential Gold Upside From Stock Market Crash Despite $116 Decline

Economist and gold advocate Peter Schiff argues that a major stock market crash could ultimately benefit gold, even after the precious metal reportedly fell $116 to close just above $4,000.
His outlook reflects the view that investors may eventually seek alternatives to equities during periods of financial instability, potentially increasing demand for gold as a defensive asset.
However, gold does not always rise during equity selloffs. Liquidity shortages, margin calls and changes in interest rates can initially pressure both markets.
The reported closing price and daily decline require confirmation. Schiff's assessment is a market forecast, not a guarantee that gold will outperform during a future stock market downturn.