Stock Review

[Repost] Peter Schiff: Fed will ‘wipe out’ many investors; gold to return as reserve currency

qiqin1103
Publish date: Wed, 20 May 2020, 07:28 PM
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https://www.youtube.com/watch?v=p3tJqm830V8&feature=youtu.be 

The Federal Reserve is going to create an inflationary environment that is like a tax that will hurt society on all levels, said Peter Schiff on 19 May 2020.

"This “tax” is also going to devalue fiat currencies, and investors should be holding onto physical gold and silver. For more conservative investors, in addition to having an allocation of physical gold and silver, you should invest in countries that have much sounder economies, that aren’t destroying their currency to the degree that we are so that you’re able to get a more reliable income stream, and a lot of these dividend-paying stocks in some of the good markets around the world have come down due to the COVID-19 related crisis.”

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