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.

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.