Thursday, March 6, 2014

Gold: Mispricing The Asset

People were buying internet stocks at crazy valuations just before the crash, people were buying condos in Vegas. They are doing the same thing in reverse when it comes to gold. It is the same lack of understanding of the fundamentals that is causing a mispricing of the asset.

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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