Peter Schiff: The “Perfect Storm” For Gold Is Coming

The economy is headed for the “biggest bust ever” and investors should absolutely be piling onto gold right now, said Peter Schiff, CEO of Euro Pacific Capital.
“The dollar is going to fall into a vacuum. I think the only buyer is going to be the Federal Reserve, but that just means that we have to deal with all the inflation that we’re creating. We can’t export it to our trading partners, so I think this is going to be the perfect storm for gold,” Schiff told Kitco News.
Schiff noted that people are oblivious to the signs that the U.S. economy is slipping into recession, while markets are seemingly ignoring any bad news.
“As this reality rears its head, gold prices are going to start to rise,” he said. (show less)

The economy is headed for the “biggest bust ever” and investors should absolutely be piling onto gold right now, said Peter Schiff, CEO of Euro Pacific Capital.
“The dollar is going to fall into a vacuum. I think the only buyer is going to be the Federal Reserve, but that just means that we have to deal with all the inflation that we’re creating. We can’t export it to our trading partners, so I think this is going to be the perfect storm for gold,” Schiff told ... (read more)

Kitco News

Kitco News
The Kitco News team speaks to analysts and experts on the frontlines of the market to get the most up-to-date news on the economy. The show offers a well-rounded, timely view on big market moves and any major headlines that may affect financial assets. Coined – no pun intended – as the number one source of precious metals news, Kitco News is the leading provider of up-to-date price action in the precious metals space.

Disclaimer: The content on this website, including, without limitation, news, videos, interviews and commentaries, is provided by Kitco Metals Inc. ("Kitco") for informational purposes only and is not intended as any form of advice, whether legal, accounting, investment, financial or tax advice. Therefore, it cannot be relied upon as such. Should you require such advice, contact a licensed professional. The content provided herein is provided on an "as is" basis without any warranty of any kind, whether express or implied and your use of the information provided in said content is entirely at your own risk. In no event will Kitco be held liable for any indirect, special, incidental, or consequential damages arising out of the use of the content on this website.