The Eastern Lust for Gold

Peter Schiff's Gold Letter

Peter Schiff’s final Gold Letter of 2013 is now available. Peter explores the most important precious metals trend of the year – the transfer of physical gold from West to East. Jeff Clark examines the correction in the gold price and explains why investors should not be throwing in the towel on the biggest gold bull market on record. Meanwhile, Lampoon the System pops the misconception that Janet Yellen is capable of anticipating any sort of major asset bubble.

“Having replaced savings with debt on both the national and individual levels, I think it’s well past time for Westerners to take a few lessons from our creditors in the East. Many Americans consider gold a “barbarous relic,” but in Asia, the yellow metal remains the bedrock of individual savings plans. This means that either greater than half of the world’s population are barbarians, or they’ve held onto an important tradition that our culture has forgotten.”

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