"...Schiff basically declares the bond market the mother of all bubbles, and noted that when the bubble bursts, the loss will dwarf the combined losses of the bubbles of stock market and the real estate. Eventually, the government will either inflate or default. Either way will ultimately make bond investors go bust.
For risk-averse investors, Schiff believes gold and foreign bonds such as Switzerland where government debt level is not as high, would be better options than U.S. treasuries..."
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