On CNBC’s Futures Now, Peter Schiff shared his expectations for gold and the Fed’s tapering announcement on Wednesday. Peter defended his long-term positions in physical gold and argued that the next big thing the Fed is going to do is increase QE.
“When we have a loss of confidence in the dollar and in the US Treasury market and we have a currency crisis and a sovereign debt crisis, that’s when gold is going to shine the brightest. And that’s what I’ve been preparing for. I know that crisis is coming and I want to own gold when it happens.”
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Tapering QE Won’t Prevent Crisis (Video)
On CNBC’s Futures Now, Peter Schiff shared his expectations for gold and the Fed’s tapering announcement on Wednesday. Peter defended his long-term positions in physical gold and argued that the next big thing the Fed is going to do is increase QE.
Follow us on Twitter to stay up-to-date on Peter Schiff’s latest thoughts: @SchiffBlog
Interested in learning about the best ways to buy gold and silver?
Call 1-888-GOLD-160 and speak with a Precious Metals Specialist today!