Monday, April 22, 2013

Peter Schiff: Emerging markets will continue buying Gold

Emerging market economies are conspicuous for very small gold reserves, particularly in comparison to their much larger share of foreign currencies.

Bankers and political leaders in all of these countries, particularly India and China, have lamented publicly about the very high percentage of U.S. dollars in their reserves, and have even spoken fondly about the reliability and importance of gold.