View full page at forexfactory.com

 

Peter Schiff: Reckless Fed may push gold to $5,000

From marketwatch.com

We caught up with Schiff to ask him how gold, a big disappointment for commodities investors last year, gets back its groove. Last year, gold futures GCM4 +0.85% and heavyweight ETF SPDR Gold Trust GLD +0.63% lost 28%, breaking at least eight years of annual gains. First off, Schiff’s gold forecast isn’t brand new. The author of “The Real Crash — America’s Coming Bankruptcy” has talked about the possibility of gold hitting $5,000 or higher since at least 2011, when prices for the metal topped $1,900 in intraday trading. Schiff reiterated his call on the potential for $5,000 gold and beyond during a heated debate with ... (full story)

Story Stats

  • Posted:
  • Category: Breaking News