Peter Schiff: Record Physical Gold Sales

Peter Schiff appeared on Fox Business this morning to talk about the market’s perception of gold, the extraordinary surge in gold sales this month, and hidden inflation in the US and Japan.

“Gold has been up for 12 consecutive years. It’s entitled to a correction. It’s incredible how the media has jumped all over this… We’re still at $1,400. I think it’s a bit premature for the people who have been advising their clients not to buy gold for the past decade to be patting themselves on the back.”