In his latest interview on CNBC, Peter Schiff is grilled about why gold is doing poorly while the economy appears to be improving. Schiff uses the opportunity to thoroughly explain why the popular perception of a strong US dollar and improving economy is wrong.
“I do believe you have a lot of speculators who are selling gold. But if you look at the real demand, real physical demand for gold, by investors, savers – not speculators – that demand continues to increase. And I think gold demand is increasing amongst central banks. I think central banks who are buying gold really want to own a lot more gold than they currently have, they’re just trying not to push up the price as they buy it.”