If the stock market gets cut in half again, the Fed is not going to bail you out with another round of quantitative easing. They’re not going to bail you out with rate cuts because the next time the Fed tries to do that, it will destroy the dollar. I am confident of that.”
What about gold in a rising rate environment? Schiff says, “Gold can go up when rates are rising.
In fact, gold will go up when rates are rising. Rates are generally rising because you have more inflation. More inflation is good for gold.”
- Source, USA Watchdog
