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Gold Rally Continues, Yuan/Dollar Peg Explained – Ep. 45

Author
Peter Schiff
Published
Wed 21 Jan 2015
Episode Link
https://schiffradio.com/gold-rally-continues-yuandollar-peg-explained-ep-45/?utm_source=rss&utm_medium=rss&utm_campaign=gold-rally-continues-yuandollar-peg-explained-ep-45





* Biggest 7-day surge in Gold prices since 2011

* U.S. GDP will be lower than in Canada this year

* Canadian gold production will rise in 2015

* Gold is rising against most currencies except the Swiss Franc

* The IMF still believes the U.S. economy is recovering

* Outlook for gold in Australia is also positive

* The Yuan will probably be the next peg to go, allowing it to rise against the dollar

* The American workforce is being rewarded for incurring large debt to engage in unproductive careers


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