Gold and Obama’s Reelection (Video)

Peter Schiff explains why he thinks the European economic crisis and the Greek voters are part of the reason Obama was reelected. While Obama can legitimately claim that he inherited a lousy economy from Bush, the economy he has created for his second term is dramatically worse. The second term of Obama’s presidency is going to see currency and sovereign debt crises that will hurt the people who “played it safe” by investing in government bonds. Gold and silver represent an excellent safe haven for people around the world who seek to avoid the repercussions of the United States’ crazy monetary policy, which Obama isn’t likely to change in the next four years.