Peter Schiff’s Official Gold Blog

Jim Grant explained to CNBC that the policies of the Federal Reserve are going to lead to a market crash. In particular, Grant chided the Fed for its complete lack of foresight and inability to learn from the past. Grant likened the Fed to a referee who has chosen to join in the game – it’s irresponsible and dangerous.

“It is now year six of this monetary improv. A couple years ago, Chairman Bernanke said, ‘We’re learning by doing.’ Learning by doing? There are thousands of years of monetary history which they might have consulted, instead we are making it up as we go along.”

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Newsmax TV interviewed Peter Schiff to get his opinion on the underperformance of various US companies. Peter explained that it isn’t weak emerging markets that investors have to be worried about. It’s the coming dollar collapse that will destroy the purchasing power of the majority of Americans. How can you avoid this crisis? Hard assets, like gold and silver.

“The real problem for Coke and other companies is going to be the US economy. We’re going to be the submerging market, because when the dollar tanks – and I think it’s very close to happening – when the dollar goes down, Americans aren’t going to be able to buy anything… That’s where companies really have to be worried. It’s about the US market.”

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Fox Business grilled Peter Schiff on the small dip in the gold price this week. Peter defended gold’s prospects and explained why the yellow metal can’t go anywhere but up with Janet Yellen guiding the Federal Reserve.

“You don’t have to try explain a $5 decline in the price of gold after nine consecutive up days… It’s barely down. Market’s don’t go up every single day. So there doesn’t have to be an explanation… As long as the Fed keeps doing the wrong thing… I’m going to keep on buying gold.”

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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!