Rising Inflation Will Be Bullish For Gold

Peter Schiff explains in this podcast why a rise in U.S. inflation will be bullish for the precious metals and at the same time bearish for the U.S. Dollar. 

"The reality is, higher inflation is not going to produce a tighter monetary policy. The Federal Reserve is going to have to ignore the higher inflation which means the inflation is going to get even worse!"

Related trading instruments: SPDR Gold Trust ETF (GLD), Market Vectors Gold Miners ETF (GDX)

This Is Bullish For Gold

Ultimately if the Federal Reserve has to make a choice between fighting inflation and unemployment because the Federal Reserve believes in the Phillips curve, the trade-off between inflation and employment, the Federal Reserve will always choose to fight unemployment or to prop up the labor market and sacrifice its inflation goal. (SPDR Gold Trust ETF (GLD), Market Vectors Gold Miners ETF (GDX), Market Vectors Junior Gold Miners ETF (GDXJ))

There's Optimism Everywhere Except Gold

There's optimism everywhere except when it comes to gold and that's the one place where people should be optimistic and it's the one place they're not. (Market Vectors Gold Miners ETF (GDX), Market Vectors Junior Gold Miners ETF (GDXJ), SPDR Gold Trust ETF (GLD), iShares Silver ETF (SLV))