Peter believes that no matter what the Federal Reserve announces at its December meeting – a small rate hike or none at all – the price of gold in US dollars will rise.
Two persistent myths convince gold bears that the price of gold will remain low – a looming series of interest rate hikes from the Federal Reserve and the fact that gold did not rally during the last round of quantitative easing.
To hear BitGold founders Joshua Crumb or Roy Sebag talk about their new company, one would think they came up with the idea of individuals transacting in gold or using a debit card to access their gold holdings on their own.
Peter Schiff argues that the drachma would be a politically expedient way of defaulting on Greek debt, but would ultimately lead to financial ruin for Greek citizens.
I have reason to believe that over the next four years, gold and silver investors will witness shocking macroeconomic events that put to rest any doubts about the importance of having sound money in every portfolio.