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January 3, 2012

The Fundamentals Have Never Been Better For Gold

We’ve been buying – personally I have been buying particularly in the mining stocks which I think have a lot of value. I was very bullish on gold for 2011. This time 2010. And for most of the year we had a very strong market. I didn’t anticipate the extent of the decline towards the end of the year, although that makes me even more bullish for the prospects for gold for 2012. I think the fundamentals have never been better for gold and I think prices are going a lot higher. - in ValueWalk

Related stocks, Newmont Mining (NEM), Goldcorp (GG), Anglo Gold (AU), 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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