Friday, June 28, 2013

Peter Schiff: Gold May Be Volatile, but It’s Not Dead

“The definition of inflation is an expansion in the money supply… The Fed is buying $85 billion a month of Treasuries and mortgages. Where do you think that money is coming from? It is being created into existence out of thin air by the Federal Reserve… Eventually our trading partners are going to stop absorbing our inflation. The dollar is going to tank… and all this inflation that we’ve been exporting is going to hit us like a tsunami.”

No comments:

Post a Comment

Note: Only a member of this blog may post a comment.