Peter Schiff - Fed’s Actions Cause Massive Gold & Silver Buying

With gold and silver taking off to the upside after the Fed released its statement, today King World News interviewed Peter Schiff, Founder of Europacific Capital. When asked about the rise in gold and silver after the Fed statement Schiff replied, “Ben Bernanke may deny that there is a causal relationship between his monetary policy and rising prices but the market knows differently. In fact when Ben Bernanke denies the relationship, then the expectation is that he is going to continue on his current monetary policy course which is the green light to buy gold, buy silver, buy oil, buy commodities, sell the dollar and that’s exactly what’s happening. That’s why the dollar is hitting new lows today.”