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

Peter Schiff is crazy

Go home. You're drunk...

No he is wrong,some ,few months ago said gold will go 10,000$ + muhahahaha

If i had gold, i can wear it to my party

There remains the real possibility that all the CB money printing globally has created an even worse situation.
That by doing so the underlying structural problems which came to the fore during the financial crisis remain unaddressed.
The whole premise of money printing was that it was presented as the solution.
If/when this proves false that economic cycles go much deeper then CB's theories then the piper will be paid in spades.
Gold as the disaster hedge will then be put to the task during any reconstruction that will follow upon CB policy failure.

World Monetary System On The Way To A New Gold Standard.

Under Yellens watch?

Entirely possible

Gold's really interesting , Peter Schiffs a smart guy, if you don't like his presentation check out Eric Sprott who seems to agree ....

The US Dollars value is very reliant on suppression of precious metals value.

There appears to be a huge gap in the amount of Gold in the world and the amount being sold resulting in a shed load of naked short selling

Current investigations into the Gold price being rigged are very real and ongoing

Where is the German gold ? What has the Fed done with it ? And why can't they have it back ?

Why won't they allow an audit of the Feds vaults and Fort Knox ? (last proper one was 1950's?

$5,000 US may well turn out to be a very low estimate, if someone told me about a Dot Com going up by a factor of 4 I'd just shrug and go OK, but , as its Gold everyone freaks

Finally, the best growth in a financial asset in 2013 was in 1/ Bitcoin and 2/ Litecoin..... these are natural go to's for Libertarians and great proxy Gold when the price is being rigged (you couldn't rig Bitcoins price without having a Billion US and the worlds best programmers and, it has a fixed number of units .. 21 Million

Nope I'll say Peter Schiff may well be right, new Gold standard , probably not but heh, if China and Russia really have been sucking up all the Gold since 2009 it may very well happen.

Or is it that the USD devalues by 75% another way of getting the math to work

gold shall be ready for 1000-900 USD per ounce as a new round of interest rate hike will occur in G7. don't refer to indicators as they are not accurate.

I think he accidentally added an extra 0..... what he meant was 500, not 5000......

With Incresing inflation & growing population, Current ecnomical strategies requires a huge change.
Gold will definite go high.
Best strategy is to buy low and sell high.
Holding positions for long require huge margin. So set your goals accordingly.

I see more laughing panelists in pink suits

+1

I'm waiting for that sweet point to buy physical longterm.

When the stock market falls, gold will fire up the rockets and take off, look what happens in any crash, not saying 5K but certainly above $2000 in the next two years.

Within 5-6 months gold will touch $1000 by manipulation,after that dollar will take a very deep fall,maximum within 2 years USA will face new 2008,in that time, think what will happen to gold price..Asia will explode soon from the deception of this manipulation.....................there is no real satisfying growth in the us economy during last 5 years,it is the real picture,that is why they are creating this WAR situations for long time now,and the fed is pretending nothing is happening...........hahahahahaha.......you will see soon........World will react at this failure and arrogance of dollar domination.

Peter Schill always says buy gold. Guess why? Better, ask why anyone prints what he says.

this guy has lost his marbles...anyone can say the world will end someday.. .also, it isn't just our fed who is printing money. its all relative.

...Peter Schill...

The Gold Market is totally rigged, just wont happen, Gold will only become an extreme valuable currency (physical gold in your hand that is, not the paper junk) if civilization as we know it totally collapses....