Monday, July 19, 2010

Schiff : short Treasuries and long gold

If China were to stop buying dollars and Treasuries, there would be no other buyer except the Federal Reserve. “That’s why you don’t want to own dollars,” “The reason that China has been buying so many Treasuries is because they had to recycle all the dollars that they purchased to prop up our currency and suppress their own.” Peter Schiff told CNBC recently

No comments:

Post a Comment

Popular Posts This Month