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Saturday, July 21, 2012

Peter Schiff: Gold going to $5,000/oz minimum , may be Higher

Ludwig: What are we talking about here: $3,000, $4,000?
Peter Schiff: Oh, at least. I think a minimum of $5,000. But it could go a lot higher than that. A lot of it depends on future actions of central banks. We’re on a trajectory right now to send gold a lot higher, but central banks could do the right thing, and that would limit gold’s gains. But the more they keep printing money and the more they keep interest rates low to artificially prop up the economy, the higher gold is going to go. - in indexuniverse interview 16 July 2012

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