If the Federal Reserve actually did the right thing, for a change, which I do not think it`s going to happen, if they stopped the QE, if they started to unwind their balance sheet, if they started to raise interest rates and let the stock market tank, let the real estate market go down, let the natural recession run its course, force the U.S. government to dramatically cut spending and restore fiscal balance for the U.S. economy to allow a legitimate recovery to ever take place, then I would get bearish on gold.
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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