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Peter Schiff: Gold headed to $5,000 within 2 years

Posted on 29 October 2012

Massive global monetary easing and out-of-control government spending will send gold soaring almost threefold in the next two years — to $5,000 an ounce, says Peter Schiff, CEO of Euro Pacific Capital.
“I think gold is going to go up against all currencies,” he tells CNBC. “Central banks around the world are being too loose.” Spot gold slumped to a seven-month low of $1,698.39 Wednesday, but that’s not going to last long, Schiff says………………………………………..Full Article: Source


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