Peter Schiff isn’t the only one who is very skeptical that the Federal Reserve will be able to exit its QE program smoothly. Peter Boockvar, Chief Market Analyst with The Lindsey Group, told CNBC’s Futures Now why he thinks the Fed’s actions in 2014 will be very bullish for the price of gold.
“2014 is going to be different, because the Fed has told us that that they want to exit QE. So the gold trade from here could be a question of faith in the Fed or no faith in the Fed. Right now, faith in the Fed is very high, as evidenced by the rise in stocks. I don’t have faith in the Fed. I don’t think they can pull this off. I think the exit is going to be extremely messy. Therefore, in my opinion, gold is a place to hide throughout that, quote-unquote, messiness.”
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