Peter Schiff: Fed Induced Phony Recovery is Bullish for Gold

Here’s Peter Schiff of Euro Pacific Capital pointing out that the recent positive GDP numbers indicate that America is spending money – money that is just created by the Fed.  The GDP “is goosed.”   If the Fed decides to take all that easy money away, the propped up markets – stocks, housing, etc. – will collapse.  This, combined with the fact that most people don’t see the value of gold in this environment, makes Schiff even more bullish on the metal.

 

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