Tuesday, October 1, 2013

Get Back Into Gold Before It’s Too Expensive

“The Fed knows that the only thing propping up this phony economic recovery is their QE. Rather than tapering, the next move by the Fed is going to increase the size of those monthly QE injections… What’s going to stop the Fed is a currency crisis, a collapse in the value of the dollar, a collapse in the bond market… If you did get out of gold, you should get back in before it’s too expensive to get back in.” - in Europac Metals Blog

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.

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