Tuesday, June 11, 2013

Peter Schiff: Just Wait Until the Gold Market Turns

“When the gold market turns, it’s going to be vicious. I think it’s going to rally even faster than it went down. But rather than worrying about the top of the gold market – I don’t think there’s a top there – but there is a big top in the bond market. And this is the achilles heel of the US economy. And people were worried about tax hikes. Higher interest rates are much bigger tax hikes than what we were looking at when we were worried about the fiscal cliff or the sequester. This is big and it’s a tax hike on the US government. Not just on the American people but on the US government itself.”

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