PETER SCHIFF

PETER SCHIFF

Friday, September 2, 2011

Peter Schiff : 11 years ago the DOW was worth 43 ounces of Gold now it is not even worth 7

Peter Schiff on FOX Business News 09/01/11

Peter Schiff : ...11 years ago the DOW was worth 43 ounces of Gold now it is not even worth 7 , if we get quantitative easing that's bad for the economy and it is bad for the real value of stocks , if we print enough money prices will go up for stocks but in real terms in terms of Gold the value of US stocks is going to continue to fall and certainly when measured in other currencies like the Swiss franc US stocks has got nowhere to go but down and investors have to understand that they need protection from inflation from the FED and from Obama they are not going to get it in US stocks they certainly are not going to get it in treasuries ...

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