Peter Schiff appeared on CNBC’s Futures Now to explain the Bullish case for Gold in the face of ongoing money printing by the Federal Reserve.

“People have sold off gold based on a false premise of a legitimate economic recovery and the Fed tightening. None of that is going to happen. We don’t have a legitimate recovery. The phony recovery is completely dependent on more QE, which is exactly what we’re going to get. Which is extremely bullish for gold. Cheap money is more bullish for gold than it is for stocks.”