Peter Schiff: Prepare for a Vicious Gold Rally

“The Fed is going to have to wave the white flag, not me. They’re going to have to admit that it hasn’t worked and they’re going to up the size of QE. Meanwhile, the gold traders are preparing for something that’s not going to happen and they’re going to be caught by surprise. You’re going to see a vicious rally in gold as people look to re-buy the gold they sold based on the false premise that the economy was improving and the Fed was going to tighten.”