The Consensus Is Wrong about Gold (Video)

Peter Schiff appeared on CNBC last night to talk about rising oil prices, but ended up drilling down into the reality of a non-existent US economic recovery.

“Americans are going to suffer a declining standard of living. That is the consequences of quantitative easing. That’s one of the reasons I’m opposing it. The Fed is destroying the standard of living of middle class Americans by destroying the value of their savings, of their wages. And yes, prices are going to go up.”

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