Schiff: Dow Hits New Low Priced in Gold, TIPS Understate Inflation, When Does Gold:US Dollar Ratio Decouple?

Here's Peter Schiff featured on CNBCs Kudlow & Company on 2/11/2009. He said the Dow priced in gold hit a new low of 8.5oz and TIPS using the CPI understates true inflation. He says you have to price the market to gold since it's being artificially propped up by inflation making it an illusion. Schiff is long gold. Can't fight the gold trend here. Also wondering when the Gold:US DOLLAR ratio will decouple (chart).




Gold vs. US Dollar (Source: Futuresource.com)