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February 9, 2012

US Savers Will Continue To Suffer From A Lack Of Yield And A Weakening Currency

As long as interest rates remain far below the rate of inflation, the U.S. economy will fail to equitably restructure itself for a lasting recovery.

As a secondary effect, US savers will continue to suffer from a lack of yield and a weakening currency, while those wise enough to park savings in gold will likely see continued success. - in a recent market commentary

Related: SPDR Gold ETF (GLD)

Peter Schiff`s comments on the economy, stock markets, politics and gold. Schiff is the renowned writer of the bestseller Crash Proof: How to Profit from the Coming Economic Collapse.
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