Saturday, August 31, 2013

Gold Prices to Go Up to the Stratosphere

"We have a dollar crisis coming, a bond market collapse coming, and gold is going to be a safe haven from all of that," he explained, noting that the government might even seize gold, although it is not likely.
"Right now, my view is a very, very minority view — very few people agree with me," Schiff argued. "By the time that the majority agrees with me — and they will eventually — the gold price is going to be up in the stratosphere."

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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