September 16, 2013

There’s No Limit As To How High The Price Of Gold Can Go

"It’s hard to put a dollar value on it, because I have no idea what a dollar will be worth, if anything. There’s no limit as to how high the price of gold can go. I think, at a minimum, you’re going to see gold prices at $5,000 before the bull market ends. But it could be a lot higher than $5,000, there’s just no way to know now.

I don’t know how many dollars are going to be created, how far the Fed is going to try to push this envelope when it comes to QE. So who knows where the price might end up. At this point, it’s really irrelevant. You don’t really need to know how high it’s going to go, you just need to know it’s going to go a lot higher and just buy it." - in Index Universe

Related ETFs and stocks: SPDR Gold Trust ETF (GLD), Newmont Mining (NEM), Barrick Gold (ABX), Goldcorp (GG)

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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