Saturday, April 7, 2012

Peter Schiff on when to exit the Gold Rally

Peter Schiff explains that gold is very liquid easily spendable , gold being true money and when it peaks there will be tremendous demand for gold that it won't be any difficult for gold holders to find someone who wants their gold either for a car a piece of property or a farmland or simply for cash domestic or foreign , gold will be so much in demand when it peaks and exiting it won't be a problem at all , anyways this won't happen now but years and years in the future says Peter Schiff

Peter Schiff is a well-known commentator appearing regularly on CNBC, TechTicker and FoxNews. He is often referred to as "Doctor Doom" because of his bearish outlook on the economy and the U.S. Dollar in particular. Peter was one of the first from within the professional investment field to call the housing market a bubble. Peter has written a book called "Crash Proof" and a follow-on called "The Little Book of Bull Moves in Bear Markets". He is the President of EuroPacific Capital, which is a brokerage specializing in finding dividend-yielding, value-based foreign stocks.

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