Peter Schiff : You ain't seen nothing yet and I do not have to explain it I'll let Bernanke explain it the FED has now laid its monetary cards on the table The FED has claimed that its new mandate is creating inflation , you know the old mandate was to create price stability but the FED now views stable prices as a problem that it is going to cure by creating inflation , The FED has a Bis-mo record of failure but unfortunately this is one time that it is going to succeed it is going to create a lot of inflation that's why people are buying gold , that's why it is setting record high , that's why silver has made a thirty year high today and these metal prices are going to keep going higher and higher as more and more people figure out that the FED is going to rob them blind but you know the FED made the mistake by letting the cat out of the bag by telling us that it is going to rob us , if you do not want to be robbed buy gold ...
Sept. 24 2010 |Debating how high this metal can run, with Michael Cuggino, Permanent Portfolio Funds; Jim LaCamp, Macro Portfolio Advisors and Peter Schiff, Euro Pacific Capital.
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