Peter Schiff: Gold more bullish under Yellen than Bernanke

Gold has captured the spotlight again after making significant gains so far this year. After starting off the year at around $1,200, it has risen to as high as $1,340. Is this because of new Federal Reserve Chair Janet Yellen? According to Peter Schiff, people have to wake up and realize the Fed is going to “ramp up [quantitative easing]” on Yellen’s watch.

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  1. To my mind people should have realized long ago that gold not papers are really valuable as a currency. The Fed is ready to print as much dollars as it is necessary in case of need, but gold will preserve its value always.

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