In his latest video blog post, Peter Schiff addresses the weak non-farm payroll numbers announced on Friday and what they tell us about the true condition of the US economy. Peter believes that jobs numbers are going to keep getting worse as spring continues and that the Federal Reserve will be forced to pause and then reverse its quantitative easing. This will be extremely bullish for gold and bearish for the dollar.
“Where [a QE pause and reversal] is not expected is in the precious metals markets. Gold is still positive on the year. It’s doing better than stocks, but it has kind of been in a holding pattern since Crimea… People are trying to attribute the strength in gold this year to the uncertainties introduced by Russia in Crimea. Meanwhile, all of the strength in gold preceded that conflict.”
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!
In the US Economy, Even Good News Is Bad (Video)
In his latest video blog post, Peter Schiff addresses the weak non-farm payroll numbers announced on Friday and what they tell us about the true condition of the US economy. Peter believes that jobs numbers are going to keep getting worse as spring continues and that the Federal Reserve will be forced to pause and then reverse its quantitative easing. This will be extremely bullish for gold and bearish for the dollar.
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!