Monday, December 24, 2012

Gold : a perfect storm coming in the future

Peter Schiff : “You’ve got a perfect storm coming in the future,” “Miners aren’t going to be able to produce enough of the stuff, because it costs so much to get it out of the ground.” he told CNBC.

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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