Though a bit dated (mid May 08) Peter Schiff states that gold will see $2,000 in 2009 and likely $5,000 by 2012. (Ironic Note: I predicted the same target range back in my Jan 08 post -- Gold: how high?)
Additionally, Peter says silver will probably do better than gold and that the US dollar will NEVER recover.
4 comments:
I have grown rather fond of Peter Schiff over the past few weeks. How can a sensible person argue against his points concerning that the economic chaos can be traced to the FED and it's monetary policy? It's almost mind boggling. If it isn't good news then most people do not want to hear it. Damn the TRUTH and tell me lies to give me comfort. As history illustrates accurate knowledge is often painful but a necessity for survival.
You know, LOL. I started to watch the videos of him via Euro Pacific video archives. I can't stomach it. Those fools opposite him are more than my soul can bear. Those people will say buy no matter what is going on. It's a farce, plain and simple.
Justin,
For a couple years now, I have agreed with most everything Peter has said, except for his "world-decoupling" scenario.
Louisa,
Agree: It's sickening and happens on nearly every one of his MSM interviews.
Sometimes I get so disgusted with the ignorance of those who are "supposed" to be in-the-know.
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