Gold: You Ain’t Seen Nothin’ Yet! (Video)
In an interview with Greg Hunter of USAWatchdog, Peter Schiff explains why deflation will be a boon to investors who prepare for a dollar collapse by purchasing gold. They also talk about the sky-high debt limit, Obamacare, Middle East politics, and where gold will end up in 2014.
You’re going to have deflation from the perspective of gold. If you own gold, the price of everything is going to go down for you. The price of stocks will go down, the price of real estate will go down, and that’s a good thing! When you have money, deflation is good, because now all the things that you want to buy are cheaper. But if you have dollars, then all you’re going to see is inflation.”
[youtube http://www.youtube.com/watch?v=RXgdozKr33M]
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