GOLD and World Currencies
Peter Schiff on talks about spot gold, the dollar and world currencies.
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Peter Schiff on talks about spot gold, the dollar and world currencies.
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Fundamentally, deflation + flight to the US dollar means that its the USD which should continue to rise, while gold will fall. Only when the deflationary pressure subsides {who knows when the fed will stop printing money and bailing out the banks}, and the upward pressure inflation due to the flood of money starts that gold should start moving up.
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