Why Does China Want To Get The Price Of Gold Down?

Why does China want to get the price of Gold down? Because they want to buy more!

Trading tickers: SPDR Gold Trust ETF (GLD), Newmont Mining (NEM), Barrick Gold (ABX), Goldcorp (GG)

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

Video: Gold`s Sudden Drop Explained

Trading tickers: SPDR Gold Trust ETF (GLD), Newmont Mining (NEM), Market Vectors Gold Miners ETF (GDX)

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

Impossible To Raise Interest Rates Without Hurting The Economy

Think about this, if Janet Yellen is saying, we are only going to raise interest rates if we can do it without hurting the economy, then she is admitting that they are never going to raise interest rates because it is impossible to raise interest rates without hurting the economy. Especially given how long they have been at zero.

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