Inflation Good for Gold, Not Economy (Video)

Peter Schiff appeared on CNBC Asia last night to explain why all the fundamentals indicate people should be buying gold, not selling it.

“I think people should be buying gold…The central banks are creating inflation rather than allowing economies to restructure. The only reason it appears the worst is over is because of all the inflation the central banks are creating to prop these phony economies up. And that’s good news for gold. That’s a reason for buying gold, not for selling it… I think gold will be higher at the end of the year than it is today.”