Peter Schiff: U.S. Dollar Is the Monetary Titanic (NYSE:GLD, NYSE:UUP, NYSE:UDN, NYSE:FXC, NYSE:FXF, NYSE:NORW)

“Gold is real money, everything else is just a substitute,” says Peter Schiff, CEO of Euro Pacific Capital, who works backwards to form a currency trading strategy. Essentially, Schiff isn’t much in favor of any paper currency, he’s just handicapping the best and worst of Central Banks in the world. He makes no bones about his view that the U.S. dollar is the worst faux monetary unit of all. Yes, even worse than the Euro.

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via Peter Schiff: U.S. Dollar Is the Monetary Titanic (NYSE:GLD, NYSE:UUP, NYSE:UDN, NYSE:FXC, NYSE:FXF, NYSE:NORW) | ETF DAILY NEWS.

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