September 14, 2012

Kamikaze Monetary Policy

This is a disastrous monetary policy; it’s kamikaze monetary policy. The dollar index is going to go down to 40, it might even go to 20 — I mean this is going to be in free fall at some point… ultimately there’s going to be a currency crisis. - in CNBC Asia

Related: SPDR Gold Trust (ETF) (GLD), PowerShares DB US Dollar Index Bearish (UDN), IShares Silver Trust (ETF) (SLV)

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.