Saturday, December 28, 2013

We Are Creating Money Out Of Thin Air

I think short term gold and silver look good. We already had a pullback and all this talk about minting trillion dollar coins simply shines a light on what`s going on here in the United States. We are creating money out of thin air, we are debasing the currency and that`s a good environment for buying gold. - in  Futures Now

Related: SPDR Gold Trust ETF (GLD), iShares Silver Trust ETF (SLV), Barrick Gold (ABX), Goldcorp (GG), Newmont Mining (NEM), AngloGold (AU)

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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