Schiff in the News: Currency War Means Buy Gold
Both CNBC and MarketWatch ran articles this week about Peter Schiff’s outlook of where the American economy is headed. CNBC wrote about the international currency war, and Peter’s belief that America will ultimately win, therefore destroying consumer purchasing power and bolstering gold.
‘We’re broke. We owe trillions. Look at our budget deficit, look at the debt to GDP (ratio), the unfunded liabilities,’ Schiff said. ‘If we were in the euro zone they would kick us out.'”
Meanwhile, MarketWatch examined Peter’s ongoing prediction that gold will hit $5,000 in light of endless quantitative easing and currency devaluation.
But Schiff takes the long view. In fact, he says gold could go beyond $5,000, depending on how much longer money printing goes on. ‘A lot of people will get caught by surprise. People who buy and have the patience to hold on will be rewarded,’ he said.”
Read the full articles for yourself:
US to Win Currency War, Then ‘Implode’: Schiff
Gold at $5,000 and Beyond: Peter Schiff Sticks to His Call
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