Peter Schiff appeared on Fox Business “Morning Bell” yesterday and discussed that when the stock bubble bursts, the Fed will likely try to save the bubble instead of the dollar.
“The bottom is either going to drop out of the market or the dollar – and I’m betting actually that it’s the latter. But the problem is if the Federal Reserve is prepared to sacrifice the dollar in order to save the market, real returns on US assets are going to suffer dramatically as a result.”
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This is the main reason why I stay away from other investments and stick to gold IRA and precious metals. It’s just more stable.