Sunday, August 25, 2013

Gold: $5,000 An Ounce Will Not Take A Decade

“Is it going to happen this year? Not likely. But it's not going to take a decade. The problems are too big for gold not to react.” - in Investment News

Related stocks and ETFs: SPDR Gold Trust ETF (GLD), Newmont Mining (NEM), Barrick Gold (ABX), Novagold (NG), AngloGold (AU), Goldcorp (GG)

Peter David Schiff is an investment broker, author and CEO of Euro Pacific Capital Inc. Schiff is known for his bearish views on the US economy and US dollar, and his bullish views on commodities, foreign stocks and foreign currencies