Wednesday, January 1, 2014

Gold Prices Outlook

“Gold at 1,200 dollars is not expensive, considering all the money that we’ve created and all the money we’re going to create, not only the Federal Reserve, but central banks around the world. It might not hit 5,000 dollars this year or next year, but it will eventually. Maybe before Barack Obama leaves the White House. I don’t think there’s enough gold to meet the new demand that’s coming, because gold is money, it’s not just some other commodity." in

Related ETF`s: SPDR Gold Trust (ETF) (NYSE:GLD)

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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