December 4, 2011

Gold Will Close In On 2,000 This Year

I think we will come pretty close to hitting 2,000 dollars/ounce on gold this year. It would be hard for gold not to be above 2,000 dollars/ounce in 2012.

I really think it would be unlikely that we wouldn’t see prices north of 2,000 dollars/ounce next year. - in BeaconEquity

Tickers, SPDR Gold ETF (GLD); IShares Silver ETF (SLV), Hecla Mining (HL), Newmont Mining (NEM), Goldcorp (GG), Barrick Gold (ABX)

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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