GoldMoney’s Andy Duncan spoke with Peter Schiff on Wednesday about the US fiscal cliff, world monetary policy, and gold as a safe haven.
“…as people worry about Japan or China or Europe, they look for a safe haven…When they talk about the risk-free assets, they talk about dollars…But in my perspective, the real risk off-trade is into gold…There’s a little volatility right now in gold, but I think if you look at a chart of gold over the last decade, that volatility really disappears and all you see is a pretty steady appreciation.”