New Delhi, April 3 -- Despite the recent decline in the yellow metal, veteran investor Peter Schiff believes that the yellow metal may be entering a far more powerful phase, one that could make April one of the strongest months for gold in decades and potentially set the stage for a move first above $5,000 and then towards $6,000.

In a series of posts on X, Schiff argued that gold's sharp rebound from its March lows is not merely a reaction to war headlines, but a sign that investors are beginning to reposition away from the U.S. dollar and toward hard assets. His comments came as gold surged back above $4,700 and moved closer to the $4,800 mark in international markets.

"Gold is above $4,700. Since bottoming on March 23rd (my birthday)...