Peter Schiff about the Collapse of the US Dollar and Gold on Fox News September 2010

Peter Schiff talks about gold and inflation on Fox News 18th of September 2010. He predicts the US Dollar to go through a collapse in the "near" future and suggests gold as the best way to protect yourself against inflation. Schiff also emphasizes that the time to buy is now, before the Dollar weakens even more.

For Americans it can be a huge benefit owning gold abroad according to Peter Schiff, who suggests that it in the future it could become illegal to bring gold out of USA. A potential collapse in the Dollar would have worldwide ramifications. Particularly for Latin-American countries like Ecuador and Panama and some African and Middle-Eastern countries that has pegged their currency to the Dollar. Not to mention all the millions of people who don't trust their own currency and saves their money in US Dollar accounts, something that is very common in Latin-American countries.

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