The 2nd video discusses moves in gold and where it could go and why it is going up. Gold is linked to inflation in commodities and its link to its currency value (as the fed prints more dollars, people are looking for a more stable currency). All three guests believe gold and silver are running up due to global fiat currency destruction. Each guest recommended diversification into foreign stocks as well, to hedge against inflation.
This blog attempts to educate people about how our economy works and to provide updates on what is going on in the economy that may affect them (See personal story at the bottom of the page). Neither this blog nor I are investment advisors, any opinions posted on this site are my own. Please seek a professional investment advisor to fit your personal investment goals.
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Saturday, September 25, 2010
Currency, Inflation, Stocks and Bonds
In this video, with Peter Schiff and CNBC Panel of guests, great discussions cover currency, inflation, stocks and bonds. Important points are made in this first segment as to where we are going economically and possible pitfalls in each asset class.
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