I do not think the Federal Reserve is seriously considering an interest rate hike. They do not want to admit that they are not because they want to keep up the pretense that the economy is strong enough for a hike without actually delivering one. (SPDR S&P 500 Index ETF (SPY), SPDR Gold Trust ETF (GLD))
Peter Schiff is an American businessman, investment broker and financial commentator. Schiff is the CEO and chief global strategist of Euro Pacific Capital Inc.
Aug 26, 2016
Aug 25, 2016
Markets: Gold Is Going Up, The U.S. Dollar Is Going Down
Even if the Federal Reserve raised interest rates all the way up to 1 percent, that is still not enough to hurt gold and still not enough to help the U.S. Dollar.
So, when are people going to figure out that it does not even matter what the Federal Reserve does because either way the U.S. Dollar is going down and gold is going to go up regardless of the fact that we may have another interest rate hike or even two hikes. This is the end of the tightening cycle. (SPDR Gold Trust ETF (GLD), iShares Silver ETF (SLV), Market Vectors Gold Miners ETF (GDX), Market Vectors Junior Gold Miners ETF (GDXJ))
Peter Schiff is an American businessman, investment broker and financial commentator. Schiff is the CEO and chief global strategist of Euro Pacific Capital Inc.
So, when are people going to figure out that it does not even matter what the Federal Reserve does because either way the U.S. Dollar is going down and gold is going to go up regardless of the fact that we may have another interest rate hike or even two hikes. This is the end of the tightening cycle. (SPDR Gold Trust ETF (GLD), iShares Silver ETF (SLV), Market Vectors Gold Miners ETF (GDX), Market Vectors Junior Gold Miners ETF (GDXJ))
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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