Thursday, March 13, 2014

Mining Industry & Inflation

"Inflation is really taking its toll on the mining industry because it has increased the cost of mining but because everybody is convinced by the government that there is no inflation, the price of gold has not risen as much as it should have given how much inflation has already taken place.

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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