Tue, Dec 23, 2014
A A A
Welcome preal121
RSS

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

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


 Article link

This post was written by:

VRS - who has written 38584 posts on Opalesque Commodities Briefing.


Contact the author

Comments are closed.

banner
banner
December 2014
S M T W T F S
« Nov    
 123456
78910111213
14151617181920
21222324252627
28293031