Peter Schiff: A false Federal Reserve recovery is bullish for gold

Peter Schiff appeared on the Fox Business Network over the weekend to discuss gold prices and how the false recovery purported by the Federal Reserve is actually bullish for the yellow metal. Despite the gold being down by more than a quarter last year, Schiff is still quite optimistic on the precious metals.

Schiff made an interesting point that since he’s been buying gold for the past 15 years it has only been down once (2013), but now that it’s down no one is saying that it’s a tremendous buying opportunity.

During the Monday morning trading session, gold is trading at $1,240.

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