VIDEO - Peter Schiff With Jeff Macke: "Gold Is Real Money, Everything Else Is Just A Substitute"

VIDEO

Video - Peter Schiff with Jeff Macke - Oct. 5, 2011
"The U.S. Dollar is worse than the Euro..."
"Gold is real money, everything else is just a substitute," says Peter Schiff, CEO of Euro Pacific Capital, who works backwards to form a currency trading strategy. Essentially, Schiff isn’t much in favor of any paper currency, he’s just handicapping the best and worst of Central Banks in the world. He makes no bones about his view that the U.S. dollar is the worst faux monetary unit of all. Yes, even worse than the Euro.
“If anything we’ll be eulogizing the dollar before the euro,” Schiff says in response to my oft-stated view that the Eurozone currency will be disappearing in the next 12 months. Schiff doesn’t think so, suggesting that the Federal Reserve and the U.S’s legacy reputation as a harbor of safety are enabling America’s desire to forestall the “day of reckoning” in a way that Europe can’t.
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