Concern About A Strong Euro Is Bullish For Gold

Mario Draghi of the ECB is "concerned" about a strong euro because it might lower inflation. This comment is bullish for gold because both the euro and the dollar are losing value.

Related trading instruments: SPDR Gold Trust ETF (GLD), EURUSD;

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

Yellen Demonstrates So Much Ignorance

This demonstrates so much ignorance. Number 1: She thinks inflation is caused by economic growth.

So she thinks the only time we have to worry about inflation is when we have a lot of economic growth. that might cause it. Not only does Janet Yellen think that economic growth causes inflation, she thinks inflation is a prerequisite to economic growth, that the economy cannot grow unless there is inflation.

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

All The Currencies Are Going Up Against The U.S. Dollar

The irony of all this talk about the strong euro is the Euro (EUR) is not strong, the dollar (USD) is weak. The Euro (EUR) is not going up against the British Pound (GBP), the Euro is not going up against the New Zealand Dollar (NZD). All the currencies are going up against the U.S. dollar (USD), which means the U.S. dollar is dropping, it`s a weak U.S. dollar.

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