Bitcoin: It`s Not Going To Work

I do not think that this experiment is going to work any better than the fiat experiment. We will see, the market will tell. Because I think there is going to be lots of others digital currencies, there already are. and I think eventually there will be a digital currency backed by gold. I think when you have a digital currency backed by something that is better than a digital currency backed by nothing.

Related: SPDR Gold Trust ETF (GLD), iShares Silver ETF (SLV), Bitcoin ($BTCUSD)

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

Digital Currencies, Bitcoin, Twitter & The 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.

The British Pound (GBP) Is Breaking Out

The British Pound is at a 6 year high high. The U.S. Dollar is hitting a 6 year low against the pound.

But why is the British Pound now breaking out? Because they are talking about raising rates and talking about not doing more QE. And they did at least a modest  amount of austerity, it did do some cutting. Not as much as they should have, but at least they did some. We didm`t do any. We kept on stimulating.

And I remember guys like Paul Krugman being critical of the United Kingdom, saying, "they are doing it wrong". Well, the market is voting that they are doing it right.

Related: GBP Futures, GBPUSD Forex Cross;

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