Gold Will Rally Whether or Not Fed Tapers (Video)
In his video blog post from Friday, Peter Schiff dissects the latest jobs report numbers and explains how the misleading data proves that the Fed’s quantitative easing isn’t working. Whether they blame Syria or disappointing economic data, Peter expects the Fed to make excuses to continue its stimulus. He spells out why physical gold will perform well no matter what happens.
The gold market has sold off on anticipation of a taper. But even if the Fed does taper, I think we get a rally… Okay, so the Fed tapered, so what? It’s still got cheap money, it’s still going to keep on coming. Buy gold. So I think gold rallies on a taper, but I think it can have an even bigger rally on a non-taper, as people realize that the taper they baked into this gold cake isn’t going to happen. Instead, we’re getting even more QE. Either way, gold rallies.”
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