After a year of anticipating a Federal Reserve interest rate hike, all eyes are on the Fed’s December meeting. There are two obvious outcomes: the Fed does raise interest rates or it does not. In his November Gold Videocast, Peter Schiff explains why both scenarios are bullish for gold. Peter points to the behavior of gold under both Alan Greenspan and Paul Volcker as proof that a rising interest rate environment isn’t automatically bearish for the yellow metal. On the other hand, if the Fed continues to delay raising interest rates, investors will begin to realize their expectations were ill-founded and reconsider their positions in gold and silver.
Either way, investors who have been waiting to buy should thank the Fed for extending the opportunity to buy gold for less than $1,100 an ounce.
Video Length: 00:10:14
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