Peter Schiff Predicting Gold Hits $2000 In 2009 – Video
Author: Rob K. Blake | Filed In: Gold News | Reader Comments: 3
I ran across this video clip of Peter Schiff, chief of Euro Pacific Capital, who was on CNBC last week arguing there is a gold rally set for a next year….and get this…it will take the gold price all the way to $2,000 an ounce.
I don’t get the financial TV pundits who hate gold. It’s clear to me they hate gold and anyone who dares to defend it as the best asset class to be in right now. The attacks Schiff endures in this interview are unlike any another guess would have to endure. The attitude they take with Schiff is reminiscent of the attitude all the TV political pundits had with Ron Paul…dismissive, condescending, and outright hostile.
I take that back…I Do Get it….these financial TV shows are support by advertisers who sell stocks and bonds….not physical gold. They have to knock any asset class their sponsors don’t have an interest in!
Watch the clip below to see what I mean. If you want to skip just to the talk on gold…it starts about 3/4 of the way through…
Hey, did you catch ..right at the end…he said gold will go to $2000 in 2009….and then he said, “and then go higher”…so $2,000 an ounce is not the end of the rally!
This video is called – “Peter Schiff: The Man Who Called the Collapse” and rightly so. They play a clip from a show in February of 2007 where Schiff was predicting gold to go higher due a economic and financial collapse.
But in tooting my own horn, I called the collapse in the real estate market in the summer of 2005 calling for a liquidation of real estate in January of 2006 and reinvestment in gold…a full year ahead of Schiff! At the time, that was considered crazy-talk too. From January 2006 to the middle of May, gold went from $525 to $725!
Peter Schiff, as good as he is, was not only guy on the planet who could read the writing on the wall!
It’s time again to take advantage of what others are just scoffing at…click the Get Started link to learn more.
Happy Investing!
November 24th, 2008 by Rob K. Blake
Previous in Category:
Next in Category: Mutual Fund Manager Charlie Dreifus Says No To Gold (Video) »
I see mining stocks have recovered to near 08 levels. But is Gold to going to $2000 an oz. in 09? I’d think CATERPILLAR INC.’s stock would go flying. With Nevada pulling out 80% of US gold, this state would be looking for help. It’s not! Peter cann’t be that good. US dollar would have to fall like a rock.
I see what you’re saying…and PS is beginning to sound like a broken record. World disaster doesn’t have to occur to have gold hit $2,000. Normal inflation fears are all that is required…and, of course, with Trillions getting pumped into the world economy for ’stimulus’, this is a reality not a “doom and gloom” fantasy.
PS is starting to sound like a self-serving “doom and gloomer”…and not an analyst like before…
i think it’s crazy, normally gold will be $1700 an once. It’s normally inflation. $2000 will be reach in 2nd quarter of 2010. And the normal of usa economic is growth 5 years from 2010 and slowly growth. The question is ? Who will be the next economic king, i think the sleeping dragon is the king.