Gold Will Smell Blood of Negative Rates – Peter Schiff with Greg Hunter
Peter Schiff: Gold Price is Going to Skyrocket – Going to Smell Blood
by Greg Hunter
USA Watchdog
Money manager Peter Schiff says forget about the Fed raising interest rates. The next move is down. Schiff explains, “I think there is a pretty good chance we’re going to get 0% interest rates before the end of the year, and I think we’re going to get QE4. We will see if the Fed is going to go negative, but they are going to do it eventually.”
On the falling markets, Schiff says, “Every decline, the Fed has come in and either launched another round of QE or hinted that another round of QE is coming. I said if they raised rates in December (2015), they would take that off the table because they would lose too much credibility to go back to QE so quickly. So, that’s why the market keeps falling and the Fed can’t stop it. I got that right.”
On the December Fed rate hike, Schiff points out, “They all said if the Fed raises rates, the dollar is going to go up and gold is going to get crushed. Well . . . the dollar got crushed and gold went up. The dollar is at a four month low, and gold is up something like $100 an ounce. That’s exactly what I said would happen.”
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Source: http://financialsurvivalnetwork.com/2016/02/gold-will-smell-blood-of-negative-rates-peter-schiff-with-greg-hunter/?utm_source=rss&utm_medium=rss&utm_campaign=gold-will-smell-blood-of-negative-rates-peter-schiff-with-greg-hunter
