Friday, September 25, 2009

Schiff: The Dollar is the New Peso

“I don’t know when [the dollar] is going to strengthen,” Peter Schiff told CNBC. “The dollar isn’t the new yen, it’s unfortunately the new peso.”

Schiff may be right long-term, or if internationals start bailing out of the dollar, but right now with Bernanke not printing any money, the dollar is likely to perform even better than gold.

1 comment:

  1. Sadly the politiking begins...and he used to be an honest trader/investor.