Peter Schiff

But then when someone calls up to buy it, they don't sell you that.

No.

They sell you, they talk you into something else.

And they also try to con you into it by, a lot of these companies have something called like a price protection.

Like they say, hey, we'll guarantee you if the price goes down over the next 30 days, we'll do it, we'll mark it to the lower price.

We'll give you some more.

Or sometimes they even offer to give you free gold or free silver if you buy a certain amount.

And the only reason they could do that is because they're overcharging you by so much money.

It's totally right.

They have enough left over.

Or if they're charging you 50% more than the price of gold and the price of gold goes down and they have to give you back 10% of what they overcharge you, they still made a fortune.

Exactly.

We don't need inflation.

All these stories that the economists tell to try to justify deliberately creating inflation, it's all wrong.

The government has brainwashed people into believing that inflation is a good thing because the government benefits from it.

The government steals through inflation.

Inflation is really like a hidden tax and they should be raising rates, they're cutting rates.

We're pursuing a very inflationary monetary policy because we have so much debt.

They're trying to bring down mortgage rates.

They're trying to bring down long-term bond rates.