Wall Street Traders Are Getting Gold Wrong

We have nothing but bad economic news nothing but more promises of more inflation and more money printing and we have still the price of gold under pressure because I think a lot of Wall Street traders who are shorting and are as bold as ever in their predictions that gold is going back down to 1,000 dollars. They just don`t understand the economy, they just don`t understand inflation or monetary policy. But I think its a great opportunity for people to load up on gold and silver because everything that Janet Yellen said and everything she is going to do, which is more important, will be 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.

Inflation Is Going To Wipe Out The Savers

Inflation is going to wipe out the savers. When the government wants to wipe out their debt they are wiping out someone else`s assets. If the governments were going to allow deflation and they were going to default then being a saver would be a good thing unless of course you were a saver in one of the institutions that failed and there is no bailout.

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 Dangers of Removing Monetary Accommodation To Slowly

What Janet Yellen wants to do is to remove the punch bowl very, very slowly so as not to abruptly end the party. That is exactly what Greenspan did. He inflated a big bubble and he thought if he let the air out gently that there would not be any kind of adverse consequences. He was wrong.

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