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Commodities Briefing - Categorized | Bullion/Gold, Price Watch more

Think gold’s pricey now? Wait until it hits $5000: Schiff

Posted on 26 October 2012

Runaway public spending combined with excessively loose monetary policy by the Federal Reserve and other global central banks will push gold to $5,000 per ounce within the next two years, noted investor Peter Schiff said Thursday.
A longtime bullion bull, the head of Euro Pacific Capital told Futures Now in an interview that despite a recent retracement, “gold’s got only one direction to go, and that’s higher.”……………………………………….Full Article: Source


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