"The world desperately needs to go back to a real monetary system that's based on real money which is gold ... If we are going to go back to a gold standard, it's not at $1,400 gold. If we want to maintain our current wages and prices in this country then gold has to go ... to $5,000 - $10,000 at a minimum."
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.