Bernanke’s Big Bluff Will Boost Gold (Video)
In his latest video blog, Peter Schiff tears apart Ben Bernanke’s latest public statements about the state of the economy and the Fed’s ability to taper or end its stimulus.
When the gold market wakes up to the fact that there is no tightening, there’s just endless easing, that we just have one big bubble – then I think we’ll have a mass scramble on the part of everyone who sold their gold to buy it back. Where they’re going to get it, I don’t know. Who’s going to be sellers at these levels once that moment happens…I don’t know. So I would expect to see a very, very rapid rise in the price of gold.”
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