-
The Dollar Rallies, Schiff Still Bets on Gold
CommentsPeter Schiff, renowned financial analyst and author, appeared on CNBC yesterday to give remarks about the dollar’s latest rally:
“The dollar has moved up about 1 point from the lows and I guess if you are a daytrader that means something but for everybody else it’s insignificant. The trend hasn’t changed, nothing has changed, the fundamentals haven’t changed, if anything they continue to get worse day by day. So I would continue to be out of the US dollar, I will continue to be on the anti-dollar trades, gold, commodities, foreign stocks. Nothing moves in a straight line, the dollar is always going to have some rallies but you know, don’t be fooled by them.”
Schiff still stands by his statements of the last few years that we are in for a commodities boom. Whether it’s a bullion bar or a gold coin, the dollar’s current rally makes this week an excellent time to begin easing into diversifying your wealth to prepare for any future upsets in the economy.
Published on October 28, 2009 · Filed under: Economy, Gold; Tagged as: cnbc, commodities, peter schiff