"You know you own the gold itself and not a derivative. In the environment we have now, everyone has to own gold. You can't own dollars because the government is destroying the value of our money.
You could have a million dollars in the bank and wake up one day to realize you can't afford bus fare with that million in cash. You might as well save in something that will retain its value like gold."
Related ETF`s: SPDR Gold Trust (ETF) (GLD)
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.