Peter Schiff on gold, the dollar, and the U.S. economic collapse

Doug Casey interviews Peter Schiff about the future price of gold as well as the value of the dollar and the future of the U.S. economy.

According to Schiff taxes will go up but the biggest tax will be in the form of inflation. It can be avoiding however by owning gold and diversifying out of the U.S. dollar for your investments and savings.

One problem that Schiff points out is that, unfortunately when prices start rising more rapidly from monetary inflation, most people will have no idea why. They will probably blame the rising prices on greedy businesses and speculators instead of the true culprits: the government and the Federal Reserve.

If you are concerned about the future of the American economy and how to protect yourself this interview is well worth watching.