In his latest video blog, Peter Schiff exposes the reality behind the increase in spending, GDP, the phony inflation numbers, and the Fed’s so-called mandate. He ends with a short discussion about gold’s recent ups and downs:
“We’ve had a very substantial rise in the price of gold since gold bottomed out… There has been a tremendous amount of physical buying… We have shortages and delays for all sorts of products that used to be readily available but now there’s all this demand. The media is trying to spin this into a negative by saying, ‘Well, it’s the small guy who is buying, but the professionals who know a lot more, they’re the ones that are selling.’ I think they’ve got it wrong.”
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Teach me more master…