Peter Schiff: “Once We Hit The Bottom In Gold, We’re Headed Dramatically Higher; To Levels Few Can Even Consider”

I had the chance to connect with the outspoken CEO and Chief Global Strategist of Euro Pacific Capital, Peter Schiff. For over ten years now, Peter has been correctly warning investors to prepare for a major collapse to be brought on by staggering US & Western debts, and unrelenting currency debasement.

The system is essentially headed for a cliff Peter explained. When reflecting on observations made while running for U.S. Senate and serving as economic advisor to the 2008 Ron Paul campaign, he said that, “It’s hard to change [things]. Politically I think it’s going to take a massive collapse, and unfortunately it’s coming. So maybe in the chaos there will be an opportunity to affect change, but absent that massive crisis, nothing is going to change. We’re just going to keep on heading toward the cliff until we go over it. Then maybe we can repair the damage and pick up the pieces…Politically there’s going to be no way to alter our fate I think.”

Read more: BullMarketThinking.com, 22 Februrary 2013