Gold Prices Silver Prices Down – So What, Buy More: Peter Schiff
In this video Greg Hunter interviews Peter Schiff, CEO of Euro Pacific Precious Metals. Gold Prices Silver Prices are down Greg asks Peter what he thinks. Peter thinks talk from the Fed of stopping the billion a month money printing (QE) is preposterous. Schiff says, “They can’t do it. . . . The minute they try to take the cheap money away, the phony economy is going to crumble.” What will maintain value and is not going to crumble is the value of gold and value of silver. The precious metals are down and many precious metals investors have lost faith and are as depressed as the precious metals prices. But Schiff says, “So what, buy more. Look at the sell off as an opportunity to unload more of your fiat currency and get some real money.”
The problems in the financial systems that the various QE money printing programs did not solve any problems they just delayed the eventual collapse. By delaying a solution it has just made the eventual crash that much more severe.