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Peter Schiff - Gold Heading to $1000 and Higher Soon - 5-26-09

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Uploaded by on May 26, 2009

Peter Schiff on Fox Business talking about why gold hasn't stayed above $1000 and why it should brek $1000 and head higher soon.

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  • Midnight Nov 9, 2010 - gold $1412. But silver is being squeezed through the roof. $28.06 - up 55% in ten weeks.

  • @danpt2000 Gold is now $1,320 / ounce and silver is now at $22 / ounce. I hope that 7 months ago when you posted this you took the time to learn about fiat currency and what causes inflation.

  • lol at $1300 these dunces are still making excuses.

  • This guy knows what he is talking about. today gold is about 1200 an oz

  • cj29pug --- GOLD is going up ,,, compared to  almost all major world currencies.

  • @danpt2000 Gold increases in dollars because dollars decrease in purchasing power due to an increase in money supply. Inflation generally takes 6 months to 2 years for the full impact of it to be felt by consumers. It also helps for a bit that recessions are deflationary environments. In the next 2 years prices could almost double.

  • with such high price of gold, how can we be sure gold vs USD will continue to rise? I think u r right, Silver is at $15 / ounce, while Gold is close to $1200 / ounce.

  • I should say that silver is a better investment than gold. Research it yourself.

  • I think he means coins or bars. The smallest form you can get it in at a reasonable cost is the best recommendation. Small pieces will be easier to barter.

  • gold eagles are bullion

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