Credit Bubble Bigger Deal Than Gold and Silver Manipulation Peter Schiff

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금 가격 하락은 단순한 시장 조작보다 투자자들이 미국 경제와 연준을 잘 이해하지 못하는 탓이라는 주장. 금 가격은 최근 하락했으나 당일 소폭 반등했고, 장기적으로 금과 은이 크게 오를 것으로 전망. 미국 주식시장이 약세이며, 중앙은행의 채권·금리 조작이 시장에 더 큰 영향을 미친다고 평가. 대형 신용 거품이 2008년보다 더 큰 침체를 촉발할 것이며, 그 과정에서 금이 크게 오를 것이라고 주장. 미국 여러 도시와 지자체가 금리 인상 몇 차례만으로도 파산 위기에 놓일 수 있다고 경고하며, 연금·의료 부채 등 미적립 채무를 지적. 캘리포니아 산불 등 자연재해의 재정 부담도 위기 요인으로 언급. 금 가격 목표치는 명확히 제시하지 않았고 "1,000달러 더 오를 수도 있다"는 발언에 그침.

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01. some of you boom Busters may recall when we did our weekly Market WP last week I noted some South African gold related companies and said we'd have more on gold well as promised here we are and we're joined by Peter Schiff the CEO of Europe Pacific Capital uh Peter welcome glad to have you as always uh before we get your thoughts uh we will behold on gold uh what's your reaction to that news about those JP Traders the the the one particular Trader uh on Silver well you know there's long been rumors of manipulation when it comes to the gold and silver market and some of the rumors are probably true but I don't think that is the primary reason that the price of gold and silver have been going down I don't think it's just manipulation I think people just are completely clueless with respect to what's actually going on in the world they don't understand the US economy they don't understand the FED but they're about to get a roote Awakening and the smart money is buying gold whether it's being manipulated or not in the short run gold and silver are both going way up in the long run and the long run may be here much sooner than people think just as a quick note on Silver Peter you know when I was in my former job I called for an investigation into silver I was the guy that did it it took five years and we found all sorts of evidence of attempted manipulation of manipulation but not enough to actually prosecute so from a personal perspective I'm glad to see this going forward uh at least in some degree on gold we saw gold prices hit a 4-we low of 12140 that's 1 , 2140 yesterday as the price traded lower for seven in the last eight trading sessions but today it was trading up midday at least $2.40 on Cox that's a commodity Exchange in New York what do you make of gold prices these days are we about to see an upswing as markets appear to be ready for some correction well you know I think we're up about 10 bucks today so we're back around 1210 but you know the US Stock Market is looking very weak the bond market you know you want to talk about manipulation it's the central banks that have been manipulating bond prices and interest rates far more than Traders were able to manipulate uh gold and silver but I think the air is coming out of that bubble and as this US Stock Market implodes as more and more people realize that a massive recession that is even bigger than what we now call the Great Recession of 2008 is actually around the corner and this credit bubble is far bigger than the one that popped in 2008 that one produced a financial crisis this one is going to produce something much worse so as people actually figure this out they're going to be buying gold and they're going to be buying it in a big way and today's small move up is just a taste of what's coming hey Peter can you give us just a re real quick take on where you think we should look at gold being I I agree I think uh it's going to go up but I mean where would you say gold would be say a year from now well look I mean I don't know where it's going to be I think it's going to be higher it could be a lot higher I mean it could be you know $1,000 higher I don't know it all depends on uh how this thing blows up I think it's going to blow up in a big way this is a huge credit bubble we're going to see waves of in foreclosures and insolvencies and bankruptcies not just companies uh but municipalities you know uh it's not just Puerto Rico where I'm recording this from or broadcasting from you've got a lot of major cities in the Contin of the United States uh that are a couple more interest rates away hikes away from from bankr and look at these un underfunded obligations the pensions the health care look at what's coming going on with the natural disasters look at this uh you know catastrophe in in California uh both northern and southern California in addition to the loss of lives and the human tragedy there is a financial cost to this uh that really we can't bear so all this stuff is coming to a head and it all depends on when you know when it blows and when it does Gold's going ballistic absolutely we're have to leave it there we hope you'll come back Peter Schiff the CEO of Euro Pacific capital thank you for joining us Peter