Wednesday, November 28, 2012

Bernanke is a Bigger Threat than the Fiscal Cliff

"Ultimately because of what the Fed has done, we’re going to have to go over a much bigger cliff.
If we avoid the cliff, that is very bullish for the gold market because that means that trillion dollar-plus deficits will perpetuate, and these big deficits are what’s undermining the dollar because the Fed has to print money to finance them.

The more money they create to buy up the bonds that nobody wants, the higher the price of gold will go."

- Peter Schiff via a recent CNBC interview, read more here: