On Friday, Chris Waltzek interviewed Peter Schiff on GoldSeek Radio. They spoke about the intricacies of the Cyprus bailout, gold products designed for barter transactions, and the general long- and short-term trends in the gold market.
“I think that what’s happened is that we had some of the speculative money…liquidating their positions… I think you’ve got a lot of people operating under the delusion that the problems are over, that the economies are growing. You’ve got the stock market at a new nominal high. So people are jumping to the wrong conclusion that, A: there’s a real recovery, and B: there’s no reason to own gold… So they’re trying to position themselves for a big fall in the gold market, which I don’t think is going to happen.”
Protect Your Wealth from Government with Gold (Audio)
On Friday, Chris Waltzek interviewed Peter Schiff on GoldSeek Radio. They spoke about the intricacies of the Cyprus bailout, gold products designed for barter transactions, and the general long- and short-term trends in the gold market.
Peter’s Interview Begins at 37 Minutes: