December 2, 2009

Gold Will Hit 5,000 USD Maybe Before Barack Obama Leaves The White House

“Gold at 1,200 dollars is not expensive, considering all the money that we’ve created and all the money we’re going to create—not only the Federal Reserve, but central banks around the world. It might not hit 5,000 dollars this year or next year, but it will eventually—maybe before Barack Obama leaves the White House. I don’t think there’s enough gold to meet the new demand that’s coming–because gold is money, it’s not just some other commodity." in CNBC.com

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.