CNBC’s Talking Numbers interviewed Peter Schiff yesterday to get his opinion on the surge in the gold price that followed the debt ceiling agreement. Not only did Peter explain the long-term bull case for gold, he also spoke about his investment strategy with silver and the other precious metals.
“We are headed back into recession… Janet Yellen, the first thing she is going to do as Fed Chairman is increase the size of the monthly QE. So all of that is going to be very bullish for gold. Gold is going to make new highs well above $2,000, and people are going to forget that this correction ever took place… We are in a major historic gold bull market.”
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