Q: Before this year began, what were your expectations
for gold prices and how does that compare with the metal’s performance
year to date?
Peter Schiff :
I thought that the selloff in 2013 was completely out of touch with
reality, so I expected the price to rise this year. In this, I was
virtually alone in the financial community. Just about every major
investment house had predicted even more losses for gold in 2014.
So far this year, gold is the best-performing asset class, but I think
the pullback we have seen over the last few weeks is just another
indication of how much negative sentiment remains. Ultimately however,
the fundamentals will prevail. The Fed will keep printing [dollars] and
gold will keep rising.- in MarketWatch
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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