| On Wednesday, Peter Schiff — the President of Euro Pacific Capital — and Nouriel Roubini — NYU Economist — debated the state of the economy, the future of inflation, and the direction of gold prices. Both figures are well-known for correctly predicting the housing crisis well before it happened.
Schiff argued that the economy is weak and it continues to weaken given the Federal Reserve’s policy of easy money, low interest rates, and quantitative easing. He argued that as a result, gold prices would continue to rise, and that we will ultimately see a much higher gold price in the coming years, and the Federal Reserve continues to purchase Treasury bonds in order to subsidize America’s debt...............................................Full Article: Source
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