Higher Interest Rates Will Not Hurt Gold

Peter Schiff explains why an interest rate rise by the Federal Reserve will not hurt gold and it may even prove to be very bullish for gold prices going forward.

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

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

The Federal Reserve Has Never Raised Rates With The Economy Weakening

The Federal Reserve has never raised interest rates in this kind of economic environment. With a weakening economy, an interest rate rise may send the economy straight into recession.

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