Peter Schiff continued his appearance on CNBC Asia on Tuesday to talk about how the Dow hitting 14,000 isn’t that great if you measure stocks in terms of real assets, like gold.
“Quantitative easing is inflation. It’s a euphemism to describe the process of creating money out of thin air…And when people focus on that and they see the risks in the US dollar and other currencies, they’re not going to want to own paper. They’re going to want to own something real. They’re going to want to own gold and silver.”
Very interesting and TRUE. Very refreshing to here from somebody with brains.