Peter Schiff : Gold Prices are going to go Higher in 2012

GIN: Where do you think gold prices will go this year?
Peter Schiff : I think they are going to go higher. Whenever it breaks out, it’s overdue, whether it’s this year or next year. Look at what has happened recently in agriculture prices. Look at soybeans, they have just taken off. There’s normally a pretty good correlation between soybeans and precious metals. And it’s not just soybeans, also wheat and corn. So I think it is going up and will go higher in 2013.- in goldinvestingnews



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.