(New York, NY) Euro Pacific Capital President Peter Schiff appeared on Fox Business Monday to debate inflation and gold prices with host Stuart Varney. The segment involved a spirited back and forth between the two as Schiff responded to Varney’s challenge that there is no inflation in Japan after their hyperexpansionary monetary policy. Schiff described inflation as an increase in the money supply and predicts a future rise in prices. Varney went on to question the famous commodity trader about the stickiness of the price of gold while Schiff rebutted accusations that he incorrectly predicted the movement of the metal higher.
The segment is below. What do you think? Is gold going higher? Will the bond bubble burst?