May 13, 2012

The Big Picture Is All Bullish For Gold

What’s so appealing about gold is that it does have intrinsic value. It’s paper money, it’s the dollar and the euro that ultimately have no intrinsic value. They are just pieces of paper with numbers written on them. The government can put any number they want on that paper, but gold is real. The government can’t create gold out of thin air, it has to be mined. The big picture is all bullish for gold. - in KWN 

Related: SPDR Gold Trust ETF (GLD), 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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