Peter Schiff Predicting Gold Hits $2000 In 2009 – Video
Monday, November 24th, 2008 at
5:52 pm
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…
Peter Schiff Predicting Gold Hits $2000 In 2009 – Video
Tagged with: Gold News • predicting gold
Filed under: Gold News
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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.