GoldSeek Radio Nugget -- Peter Schiff: Peter Schiff: Prepare for a "Greater Recession", Next QE could result in hyperinflation

Head of Schiff Gold and Europacific, Peter Schiff outlines his latest market forecasts.

This week, expectations of a 75-100 basis point rate hike at next week's FOMC meeting roiled the US equities market.

Investors are advised to prepare for a "Greater Recession", eclipsing even the 2008-2009 Great Recession.

However, if Fed policymakers take drastic measures, the next round of QE to infinity could result in hyperinflation.

Peter expects crude oil to reach lofty heights after stabilizing, perhaps as high as $200 per barrel.

Amid an unprecedented shift into tangible, hard assets, silver could climb above $50 for the first time in modern history, continuing to as high as $200 per ounce.