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Peter Schiff - If Pigs Sprout Wings, Can They Fly? Tube. Duration : 4.95 Mins.We had a good read. For the benefit of yourself. Be sure to read to the end. I want you to get good knowledge from Federal Reserve Interest Rates . For the latest Peter Schiff, go to PeterSchiffBlog.com - In 1999, gold and gold stocks were extremely well priced. Now, a lot of people are buying gold. If you look at the relationship between gold and oil, then gold should be a lot higher. Gold is money. One of the great things about money is that it holds its value. People think that dollars are money, but it isn't holding its value. The dollar isn't going to make a comeback. If the Fed raises interest rates, our economy would collapse. The majority of our debt is short term t-bill debt. If we were on the gold standard, we wouldn't have had the Nasdaq bubble. We separated from gold back in 1971, and a barrel of oil would be around . The Fed keeps printing money, and that's why you gotta own gold. Silver has always been a monetary metal, and it probably goes hand in hand with gold.
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