This is one situation where it stings to be the one saying, “I told you so!” Yesterday, in anticipation of today’s Fed’s announcement, Peter Schiff discussed the Fed’s various options when it comes to tapering QE. However, Peter made it clear all along that he believed the Fed had no intention of actually tapering QE in a timely manner. Peter’s position has been borne out with the news that was released just an hour ago: there will be no tapering. It should come as no surprise that gold and silver surged on the news.
“From the beginning, when the Federal Reserve first announced this tapering plan, I was of the opinion that it wouldn’t take place according to schedule. That the fed would not be tapering in September… because I don’t believe it ever intended to taper… If you look at the rhetoric, tapering was always data dependent.”
Follow us on Twitter to stay up-to-date on Peter Schiff’s latest thoughts: @SchiffBlog
Interested in learning about the best ways to buy gold and silver?
Call 1-888-GOLD-160 and speak with a Precious Metals Specialist today!
Fed Never Intended to Taper (Video)
This is one situation where it stings to be the one saying, “I told you so!” Yesterday, in anticipation of today’s Fed’s announcement, Peter Schiff discussed the Fed’s various options when it comes to tapering QE. However, Peter made it clear all along that he believed the Fed had no intention of actually tapering QE in a timely manner. Peter’s position has been borne out with the news that was released just an hour ago: there will be no tapering. It should come as no surprise that gold and silver surged on the news.
Follow us on Twitter to stay up-to-date on Peter Schiff’s latest thoughts: @SchiffBlog
Interested in learning about the best ways to buy gold and silver?
Call 1-888-GOLD-160 and speak with a Precious Metals Specialist today!