​Peter Schiff: Gold Is Exposing The Phony Economy – Tyler Durden

Peter Schiff: Gold Is Exposing The Phony Economy Via SchiffGold.com, On this week’s episode, Peter covered a record setting week for gold and a stellar week for silver. With the metals nearly cresting $2800 and $35, respectively, Peter sees this price action as confirmation that the Fed’s recent rate cuts are a mistake. Politicians may love inflation, and the media is oblivious, but the metals markets know that America’s economic trajectory is unsustainable. As Peter predicted, long-term interest rates are rising. Even though rate cuts are traditionally considered bearish for gold, gold is consistently reaching new highs and perplexing the media class: “I said…  — Continue at ZeroHedge News : Read More