June 24, 2010

Gold It`s An Absolute Winner

"I don't even look at gold as an investment...I would look at gold more the way that I would look at cash. It's liquid. It's a store of savings...I don't really view it as an alternative to stocks or bonds, it's an alternative to the Euro or the Dollar or the Japanese Yen, and from that perspective, it's an absolute winner...I think it's going over $5,000 an ounce."

in Benzinga

Related ETF: SPDR Gold Trust (ETF) (Public, NYSE: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.
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