Gold Bullion and Politics
Investment guru Peter Schiff talks about gold and the economy in this piece in Contact.com. Here is an excerpt: "Schiff sees the U.S. economy unraveling. The debt is unsustainable, made tolerable for the moment only by interest rates kept artificially low by a meddling central bank, the Federal Reserve. He likens the government's fiscal and monetary policies to a Ponzi scheme, destined to collapse when when China and other foreign lenders finally cut off credit. "At some point, they are going to look at the U.S. and decide we can't pay it back," he said. The dollar will crash. Interest rates will rise, fueling inflation that could leave currency worthless. And that's where the gold comes in. "You have to have real money, gold and silver," Schiff said." Read more here: Bullion and Policics
Posted by Anthony Hendriks 
