Schiff: Rising Gold Signals Inflation

Tuesday, September 8, 2009 10:43 AM

By: Julie Crawshaw

Gold’s recent two-day 15 percent surge, Schiff notes, is the equivalent of the Dow being up 1,400 points — and a clear signal that investors fear inflation is just around the corner, says Euro Pacific Capital CEO Peter Schiff.

Schiff says he "gets a kick out of all these experts" pondering why the price of gold is surging.

"They all think there's no inflation," Schiff says.

"They think gold must be going up for some other reason or that there’s no problem with the American economy.â€