Summary:

• Peter Schiff, Chairman of SchiffGold.com and the host discuss the latest economic numbers.
• Contrary to the official figures the Great Recession never ended - by deflating true inflation figures, economic output only seems strong.
• Peter Schiff agrees with John Williams from Shadowstats.com, the national GDP has been negative for almost 15 years when accurately tabulated.
• Given the unexpectedly low GDP figure reported on Wednesday, the recession is bordering on a depression.
• This is good news for investors as Fed officials are more likely to implement QE4 by the end of 2015, early 2016.
• Our guest says the gold market is building a base -the dollar will plunge in spectacular fashion - the next QE installment will send the PMs much higher.
• Dollar cost averaging into the metals is the most prudent method, given market uncertainty.
• With homeownership rates near 30 year lows and a lack of quality employment, real estate is overpriced, better opportunities will unfold as the recession further develops.