Commodities either go to the moon or go to Pluto says Peter Schiff on Gold Seek Radio this 06-17-09. Peter Schiff talks about the recent rising unemployment numbers, US treasuries and thinks at some point an ounce of gold will equal the DOW. Peter mentions the possibility of a bubble in Gold and precious metals in general but also in a mining companies bubble but he thinks it is years and years away from even forming right now gold and gold stocks are undervalued , they are not expensive yet , we are rather closer to the bottom than to the top in term of gold prices , cause if there was a bubble you would see everybody buying gold then there is a possibility of a bubble but for now people are selling their gold for pieces of paper namely dollar bills
THE PETER SCHIFF BLOG : An Unofficial Tracking of Peter Schiff and The Libertarian Austrian School of Economics
PETER SCHIFF

Wednesday, June 17, 2009
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