Peter Schiff, CEO of Euro Pacific Capital, commodities legend Jim Rogers, and ShadowStat’s economist John Williams, each project 2014 as the year the U.S. dollar loses its role as the world’s premiere reserve currency, resulting in a severe decline of its global purchasing power and increased metals prices.
"The United States is in a lot of trouble," Schiff said. Presuming the Fed issues a third round of quantitative easing (QE3) and it wears off, he said “We’re going to have a crisis.” Schiff continued, "There is no short-term fix anymore, because we’ve been doing these short-term fixes for a long time . . . and U.S. Interest rates have got to rise, or the Fed is going to have to print so much money to keep them from rising that inflation is going to flare up in a way that government numbers can’t hide it anymore.”
Gold is vital for the protection of long-term funds. Don't miss the buying opportunity in gold that the Euro crisis has created. It will not last.