Peter Schiff gives CNBC a bit more than they bargained for in this interview in which CNB
CS leads off with What is Wrong With Gold?
Schiff tells CNBC viewers:
As soon as most Wall St traders come to terms with how wrong they are about the true state of the US economy and what the Fed is going to do, they will be rushing back to gold…Imagine what would happen if the Fed tried to sell the $4 trillion in mortgage bonds it holds? We are headed right back into recession!…The Fed is going to come back with an EVEN BIGGER QE!
At some point, gold is going to go straight up, it will make a moonshot. By the time the crowd figures it out, its going to be very expensive to buy gold!
Peter Schiff’s full MUST WATCH interview on QE, taper, bank collapse, and gold is below: