May 10, 2014

Central Bankers Are Embracing Inflation

When we have these central bankers embracing inflation, saying that their goal is inflation, and what they are fighting is not inflation but an absence of inflation. If inflation is too low, they are going to do something about it.

And you have the ECB (European Central Bank) saying that interest rates are going to stay at 0.25% or lower for an indefinite period of times the ECB makes sure that we have more inflation. That is bullish for 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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