September 9, 2009

Outlook For Gold:"We Are Going To Have Gold 2,000, Gold 3,000, Gold 4,000"

"We are in a major bull market, I think we are going a lot higher. The spot price of gold is still below 1,000 and I think you got the futures markets going above 1,000. But if you look at the ETF GLD, SPDR Gold Trust (ETF) its at 980 and in March of last year it briefly traded above a thousand.I think we are going through a 1,000 (...) we are going to have gold 2,000, gold 3,000, gold 4,000. Everytime it hits another milestone we are going to have another party." in FOX Business News

Peter Schiff`s comments on the economy, stock markets, politics and gold. Schiff is the renowned writer of the bestseller Crash Proof: How to Profit from the Coming Economic Collapse.
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