[VIDEO] Peter Schiff vs. Matt Smith On Gold And Energy

Peter Schiff,CEO of Euro Pacific Capital Inc., appeared on CNBC along with Matt Smith, Commodity Analyst at Schneider Electric, to discuss the outlook on gold and energy prices.


Peter Schiff, CEO of Euro Pacific Capital Inc., and Matt Smith, Commodity Analyst at Schneider Electric (EPA:SU) appeared on CNBC on August 5 to discuss the outlook on gold and energy prices. Schiff said “A lot of shorts have come into the market. Speculative longs have exited based on three false narratives. One, the US economic recovery is gathering momentum. I think the reverse is true. I think we’re relapsing back into recession.” Schiff continued, “Number two, a lot of people belief the fed is getting ready to taper off on its quantitative easing. I think it’s the opposite. I think the fed is preparing to increase the monthly size of [quantitative easing]. For his last point, Schiff claims “People think inflation is not a concern,” speculating that it will worsen.
Peter Schiff is a well-known commentator appearing regularly on CNBC, TechTicker and FoxNews. He is often referred to as "Doctor Doom" because of his bearish outlook on the economy and the U.S. Dollar in particular. Peter was one of the first from within the professional investment field to call the housing market a bubble. Peter has written a book called "Crash Proof" and a follow-on called "The Little Book of Bull Moves in Bear Markets". He is the President of EuroPacific Capital, which is a brokerage specializing in finding dividend-yielding, value-based foreign stocks.