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Apr 5, 2024
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Peter Schiff: Fed adds to structural problems
2:54
Peter Schiff: Fed adds to structural problems
Mar 19, 2014
CNBCRick Santelli
Gold just crossed $5,000 an ounce. Silver's trading well above $100. The media is screaming 'bubble.' Peter Schiff says they're dead wrong. Media says: It's a precious metals bubble. Peter Schiff says: It's not the bubble—it's the pin. Here's what's really happening: ✓ The dollar hit a new 4-year low against major currencies ✓ All-time record low against the Swiss franc (the real canary in the coal mine) ✓ This is the beginning of a mass exodus from the U.S. dollar ✓ A full-blown sovereign debt
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