July 13, 2012

Gold: Central Banks Are Now A Tailwind

The more buyers you have, the firmer the price is going to be. When central banks were selling it was a headwind the market had to overcome. Now it’s a tailwind that central banks are joining the buyers. - in Resource Investing News

Related: SPDR Gold Trust ETF (GLD)

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.