Dow Jones Industrials & Gold Parity

I don`t know how much the Dow Jones is going to decline. I think most of that is going to be made up with gold prices going up, not so much the Dow Jones Industrials going down because I do believe that they will print enough money to put a floor beneath the stock market. So, I don`t think they will meet at 2,000 or 3,000. I think they are going to meet at a much higher level.

By the time they are one-to-one again it will probably be with gold and the Dow Jones at 5,000 to 10,000 if not higher. So, I am not looking for a collapse in the Dow Jones but the Dow could certainly move down. The Nasdaq I think its the most vulnerable.

Peter Schiff is an American businessman, investment broker and financial commentator. Schiff is the CEO and chief global strategist of Euro Pacific Capital Inc.