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September 21, 2010

Gold And Paper Money

"Gold is money because people make it money. Paper money is money because governments make it money. But what happens if people lose their faith in governments, and the U.S. government in particular?"

Peter Schiff, President of Euro Pacific Capital Inc.

Related ETF: SPDR Gold Trust ETF (GLD)
Related Stocks: Kinross Gold Corporation (USA) (NYSE:KGC), Red Back Mining Inc. (TSE:RBI) , Newmont Mining Corporation (NYSE:NEM), Royal Gold, Inc. (NASDAQ:RGLD), Coeur d'Alene Mines Corporation (NYSE:CDE), Barrick Gold Corporation (USA) (NYSE:ABX), New Gold Inc. (USA) (AMEX:NGD)

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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