Peter Schiff: U.S. Rally Is Doomed, Gold Will Hit $5000

IS that right, stealth vendor??? Gathering the flock for fleecing I see. A know it all who knows nothing.

sleepy

 

Gold to 1500 by end of 2010.

$5000 is certainly not out of question by 2020+

 

http://www.schiffforsenate.com/

:eek:

 

Eventually he may be proven right yet again, but in between his being right, there will be opportunities to make money with the market rather than against it.

I have been a longer-term gold bull myself, but the latest COT data does not bode well for gold prices going forward. A big correction in Gold may be in the cards before we see $5000.

Floyd

 

If I had a nickel for every time gold was going to double-triple in price...

 

I remember trading gold at $265 about 10 years ago...not a bad return.
Missed the move picking up your nickels?

 

That is a horrible return. I can name 10 other issues that got 5-fold or higher returns in a shorter timeframe over the past 10 years.

 

Yes indeed.

AIG

Fanny and Freddy

C

...

 

And I can name 2000 others that didn't---what a terrible argument.

 

can you also remember that gold has been a terrible longterm investment??? It reached $800 decades ago.