Peter Schiff appeared in The History Channel’s short documentary “The Gold Conspiracy” that aired back in April. The program interviews precious metals experts like Peter and Jim Rickards to present the history of the gold standard and the latest theories surrounding the manipulation of the yellow metal’s price. The takeaway? Whether or not you buy into the conspiracy plots, the price of gold is still far less than it would be if the US dollar were still on a gold standard. Any gold manipulation is just an opportunity to buy the metal at a discount before the dollar collapses.
“The Founding Fathers wanted to limit government and one of the ways you limit the power of government is with a gold standard. The government can only spend money if it can collect gold and taxes. So by going off the gold standard, there is no limit to how much money the government can create, so there’s no limit to the size the Federal government can grow.”
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