Peter Schiff’s latest video blog examines the reality behind the GDP, the rally in the stock market, the latest jobs numbers, Obama’s second term, the bond bubble, and of course, gold.
“[Wall Street] doesn’t understand. People weren’t buying gold because of the European crisis or because…of the US financial crisis. They were buying gold long before those crises began. Look at how gold was doing from 2000 to 2007, 2008. It did better before the crisis than it did during the crisis, because the real crisis that worries the gold buyer is the currency crisis.”