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Monday, June 18, 2012

Peter Schiff : Buy Gold Now or you will be chasing it later

Peter Schiff : I own a lot of gold i own a lot of gold stocks , over the last 6 months to a year they have not gone up in fact the gold stocks have gone down , over a longer time period of course over the last ten years gold has done very very well , so a lot of these problems have been anticipated in the gold market for years , why it has not had a bigger move recently ? I think that has more to do with the relative strength of the dollar versus other fiat currencies which I think is temporary , I also think people are fooled in thinking that us treasuries represent a safe heaven alternative to gold , people who are piling up treasuries are going to regret it that bubble is going to burst , I am confident that eventually people will find their way back to gold as a safe heaven

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