July 27, 2011

Gold Is Going To Go Higher As The Dollar Continues To Lose Value

Well as I’ve been saying gold is going to go higher as the dollar continues to lose value. That’s what’s happening, I mean look at the dollar even against other fiat currencies today, it’s at a new low against the Yen, a new low against the Swiss Franc, a new low against the New Zealand dollar, almost at a new low against the Australian dollar, a new yearly low against the Canadian dollar, so the dollar is sinking and gold is rising.

Related Tickers: SPDR Gold Trust (ETF) (NYSE:GLD), Newmont Mining Corporation (NYSE:NEM), Barrick Gold Corporation (USA) (NYSE:ABX) , Goldcorp Inc. (USA) (NYSE:GG), Yamana Gold Inc. (USA) (NYSE:AUY), NovaGold Resources Inc. (USA) (AMEX:NG), Ishares Silver ETF (SLV), Hecla Mining (HL), Silver Wheaton (SLW), New Gold (NGD), Kinross Gold (KGC), Coeur d'Alene Mines Corporation (NYSE:CDE)

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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