Aug 21, 2014

U.S. Dollar Outlook: It`s Going Down

I think it is going down. I mean, it`s not only going down against gold, which is clear, but its going to go down against other fiat currencies.

So you have to be very careful about any investments when your returns are going to be in  dollars because you don`t really know what the dollar is going to be worth.

Related trading instruments: Newmont Mining (NEM), Barrick Gold (ABX), NovaGold (NG), SPDR Gold Trust ETF (GLD), Market Vectors Gold Miners ETF (GDX)

Peter Schiff is an American businessman, investment broker and financial commentator. Schiff is the CEO and chief global strategist of Euro Pacific Capital Inc.

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