June 30, 2010

I Own A Lot Of Mining Stocks

I own a lot of mining stocks, personally, gold mining companies around the world. There are some in the United States, but more often than not they're in Canada, Australia; they're in Asia, South America, South Africa. There are a lot of companies that are going to benefit ... because as gold prices go up, if the price of gold is rising faster than the cost of mining it, their profits really increase. And so you gain some leverage to a rising gold price.

in LewRockwell.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.
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