March 13, 2009

Peter Schiff On Bloomberg

Peter Schiff, who oversees about $1 billion as president of Euro Pacific Capital in Darien, Connecticut, said as much as 20 percent of his clients’ assets are invested in Canada, mostly in mining and energy companies. He’s betting inflation will cause gold to rise to more than $1,500 an ounce this year.

“A strong gold price will be helpful to the economies that have a big mining industry”
Schiff said. Canada is the world’s seventh-biggest gold producer.
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