The System Is Insolvent – Buy Gold (Audio)

Chris Waltzek interviewed Peter Schiff on Gold Seek Radio last week. Peter spoke about the debt ceiling debates and how gold will perform with Janet Yellen at the helm of the Federal Reserve.

“Right now, gold is trading as if the crisis is the debt ceiling… [But I think] the only thing standing between gold and higher prices is the debt ceiling, because the debt ceiling would mean no more debt – no more big government, no more spending. Washington would have to act responsibly. Those are negative things for gold. What gold needs is reckless spending, borrowing, and money-printing. Once they’ve raised the debt ceiling, that’s what we get.”

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