Monday, February 10, 2014

Yellen Will Be An Even Bigger Money Printer

"Once the new Fed chair turns out to be an even bigger money printer than Ben Bernanke, who was an even bigger money printer than Alan Greenspan, the consequent inflation will spike gold prices, as the reduced value of each dollar makes each troy ounce of gold much more expensive in dollar terms. This is what's coming. And when everybody figures it out, there's only one place to hide—and that's gold." - in Futures Now

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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