November 23, 2012

Avoiding The Cliff Is Very Bullish For Gold

If we avoid the cliff, that is very bullish for the gold market because that means that trillion dollar-plus deficits will perpetuate, and these big deficits are what’s undermining the dollar because the Fed has to print money to finance them. The more money they create to buy up the bonds that nobody wants, the higher the price of gold is going to go. - in Economic Collapse News

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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