Thursday, February 27, 2014

The Bearish Case For Gold

If the Federal Reserve actually did the right thing, for a change, which I do not think it`s going to happen, if they stopped the QE, if they started to unwind their balance sheet, if they started to raise interest rates and let the stock market tank, let the real estate market go down, let the natural recession run its course, force the U.S. government to dramatically cut spending and restore fiscal balance for the U.S. economy to allow a legitimate recovery to ever take place, then I would get bearish on gold.

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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