November 20, 2013

The Big Wake Up For The Price Of Gold

“Look how weak the economy is, look how weak the recovery was… Now we’re going back into recession again, and [with] interest rates already at zero, all they can do is dial up the size of the QE… When people realize that QE hasn’t helped… and [that] the US economy is going to continue to deteriorate and we’re going to try to paper it over with a flood of money – that’s going to be a big wake up for the price of gold. And I think the price is going to go straight up.” - in CNBC

Related ETFs: SPDR Gold Trust ETF (GLD), Newmont Mining (NEM), Goldcorp (GG), Barrick Gold (ABX), Novagold (NG), Market Vectors Gold Miners ETF (GDX)

Peter Schiff`s comments on the economy, stock markets, politics and gold.Visit the new website Schiff On The Markets for more exclusive content.
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