Friday, December 19, 2014

Gold Still On Launch Pad As We Start 2015 – Peter Schiff | Kitco News

Kitco News speaks with Peter Schiff to get his forecasts for gold in this special outlook edition. Last time Schiff was on the show, he said he expects gold price to take a “rocket ship back up” and we wanted to know if he has since changed his tune. He is still bullish on gold and says the U.S. economy is not as strong as people perceive it to be. “I think [gold] is set up perfectly and I think it’s still on that launch pad,” he says. “I do believe you are going to see panic buying in the gold market because it’s really going to be panic selling of the dollar.” Schiff adds that too many people believe in what he called a “phony recovery” and warns that a rude awakening is coming when the Fed, instead of raising rates, launches a QE4 to keep the economy from slipping back into a recession. Tune in now to find out why Schiff doesn’t think the Fed can raise rates and why he thinks the economic data isn’t as accurate as it may seem. Kitco News, December 17, 2014.

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