Monday, January 28, 2013

Peter Schiff : I believe GOLD will continue to rise and close 2013 significantly higher than present levels

Peter Schiff : “I believe gold will continue to rise and close 2013 significantly higher than present levels, and I'm invested accordingly,” Schiff noted. “What I find most disconcerting in Swedroe's piece is everything that follows. He goes on to question both a) investment forecasting as a practice and b) gold as an asset in general.”“My stance on gold is founded on the same logic that supported my successful forecasts of a dot-com bubble in 1999-2000, a housing market collapse in 2006, a credit crunch in 2007, the resulting bailouts and ‘jobless recovery,’ and also the forthcoming flight from the US dollar and Treasuries,” Schiff listed. “My willingness to make accurate predictions in the face of doubt from mainstream analysts was documented by a fan in the viral YouTube video 'Peter Schiff Was Right.'"

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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