Peter Schiff has said today these rate hikes are too little too late and rates should be higher than inflation. That is a fair enough statement but these gold cronies once said if they raise rates only 0.25% the markets would collapse well they haven't and unemployment seems still ok in the US. As for the US inflation rate it has dropped the last 2 readings, albeit by a small margin but if its dropping then why do rates need to be higher than inflation rate? And as for Schiff's defense of why gold is still falling" The market will finally wake up when they realize what is going on", we'll Peter gold pundits have been saying there will be a rush like u won't believe for the last decade lol
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