Sunday, March 16, 2014

Gold: The Price Is Low and Rising

Now with the price of gold low and rising, this is a great time to buy. Gold has been probably the best performing asset class in 2014 but you would not know it reading the headlines or listening to the various pundits. They just want to talk about the stock market. They are ignoring the action in the gold market mainly because everybody is very skeptical of this rally, everybody is waiting for the rally to fade. I don`t think it will. I think it is a bull market, it is climbing a wall of worry and I think the highest it climbs the more people are going to worry.

Related stocks and ETFs: Newmont Mining (NEM), Barrick Gold (ABX), Goldcorp (GG), Market Vectors Gold Miners ETF (GDX), SPDR Gold Trust ETF (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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