Kerry Lutz of the Financial Survival Network interviewed Peter Schiff about Janet Yellen and the likelihood that she will eventually pause and reverse quantitative easing. It will be very bullish for gold when the Federal Reserve is forced to admit that the US economy isn’t improving.
“I think we’re just getting started in this [gold] bull market. The catalyst is going to be when Janet Yellen has to fess up. She comes clean and announces the pause. She doesn’t even have to announce that she’s ratcheting up the QE, just that she’s pausing with the taper… The minute they do that, it’s a green light to buy [gold]… But I wouldn’t wait for that… I would be buying in advance. A lot of people are going to be surprised by that announcement and they will buy gold.”
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