Jim Rickards is on a roll this week, with another interview on Bloomberg TV in which he tells some skeptical hosts that the Fed’s policies are a disaster and that the stock market is a bubble. He also stuck by his commitment to long-term gold, insisting that he’s bullish on it because of his fundamental analysis that the US dollar is going to collapse.
“Gold correlates to one thing: the dollar… When gold goes up, what it really means is the dollar is down. So for gold to go to $7,000 – which I expect – what that means is that the dollar will lose 80% of its value, which it did in the 1970s… A gold rally is really a dollar collapse, and we should expect a dollar collapse.”
Watch the Interview Here
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!
You Don’t Need to Be a Goldbug to Believe in Gold (Video)
Jim Rickards is on a roll this week, with another interview on Bloomberg TV in which he tells some skeptical hosts that the Fed’s policies are a disaster and that the stock market is a bubble. He also stuck by his commitment to long-term gold, insisting that he’s bullish on it because of his fundamental analysis that the US dollar is going to collapse.
Watch the Interview Here
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!