These stocks represent a lot of value. I think we have a long away to go. (...) I think the only industry where over the last couple of months where you can really say the fundamentals have dramatically improved is the gold mining industry. During that time period the mining costs have come down yet the value of what they are mining has skyrocketed. These mining stocks are as cheap as they have ever been over the last 10 years as far as P/E basis.
These gold stocks have barely moved and nobody owns them.
Related ETFs & stocks: SPDR Gold Trust (ETF) (NYSE:GLD), Market Vectors Etf Trust (NYSE:GDX), Newmont Mining (NEM), Novagold (NG), Barrick Gold (ABX), Goldcorp (GG)
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.
