The good thing for gold is that most people don’t own any yet. Right now there are very few people who own it relative to all of the people who are going to own it eventually. The problem is the longer people wait to buy it, the more expensive it’s going to be.
Topics: SPDR Gold Trust (ETF) (NYSE:GLD), Market Vectors Etf Trust (NYSE:GDX), Newmont Mining (NEM), Novagold (NG), Barrick Gold (ABX), Goldcorp (GG), Yamana Gold (AUY)
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.