Tuesday, October 8, 2013

Get Back Into Gold Before It’s Too Expensive

“The Fed knows that the only thing propping up this phony economic recovery is their QE. Rather than tapering, the next move by the Fed is going to increase the size of those monthly QE injections… What’s going to stop the Fed is a currency crisis, a collapse in the value of the dollar, a collapse in the bond market… If you did get out of gold, you should get back in before it’s too expensive to get back in.” - in Europac Metals Blog

Peter Schiff is an investment broker, author and CEO of Euro Pacific Capital Inc. Schiff is known for his bearish views on the US economy and US dollar, and his bullish views on commodities, foreign stocks and foreign currencies