Peter Schiff : the smart money is buying Gold the Dumb money is buying treasuries

Peter Schiff : Gold going up 35 dollars a new record high , the Swiss national bank was in there all night selling the swiss franc trying to debase the Swiss franc , but the Swiss franc is basically unchanged as is the Japanese yen , one of the reasons that so many people are piling into treasuries is because other safe heavens like the Swiss franc and the Japanese yen are kind of taken out of the mix because central banks are undermining them to prevent the safe heaven flows , so money is going to two places , the smart money is buying Gold the Dumb money is buying treasuries