Peter Schiff Vlog 11/20: Gold decoupling, Roubini wrong
Submitted by SteveMT on Sat, 11/21/2009 - 13:25
Also:
1. "96% of all mortgages being underwritten by Fannie and Freddie."
2. "Three 25-year-olds in San Francisco successfully borrow $1M for a mortgage with a 3.5% down payment."
In a new video, one noted doomsayer, Peter Schiff, takes on another one, Nouriel Roubini, on the subject of gold. Nouriel Roubini believes every asset, including gold, is over-inflated due to the dollar carry trade. Schiff disagrees, and says Roubini doesn't understand the fundamentals behind gold -- that it's going to keep heading higher as a result of government action.
http://www.businessinsider.com/schiff-roubini-doesnt-get-why...
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