Peter Schiff Warns DEBT CRISIS Will Drive the Next BIG MOVE in Gold - SilverTrade
Peter Schiff Warns DEBT CRISIS Will Drive the Next BIG MOVE in Gold - SilverTrade
Source: SilverTrade
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DW NOTE
Schiff has called for a debt-driven gold surge in every market since 2008. He was right once — in 2011, when sovereigns were actually default risks. Today the 10-year Treasury yields 5.15% and gold just fell 22% in nine months. If the debt crisis were imminent, bond vigilantes wouldn't be buying duration at negative real yields.