I think we are at these levels where you get the buyers, the real long term buyers who are not buying Gold for a trade, they are buying Gold because they want to own it.
They are buying Gold because they really understand that the Dollar is at risk, the fiat system is at risk and they need to buy real gold.
Related ETF: SPDR Gold Trust ETF (GLD)
Peter Schiff is an American businessman, investment broker and financial commentator. Schiff is the CEO and chief global strategist of Euro Pacific Capital Inc.
Jul 8, 2015
The Bullish Case For Gold
All the things that are happening around the world are fundamentally bullish for Gold even though the price of Gold is not rising to reflect that.
The bullish case for Gold beneath the surface continues to strengthen and at some point the speculative forces that are restraining Gold, the money that is moving into the U.S. Dollar (because the safe haven money still regards the U.S. Dollar as a safe haven) even though I believe it is riskier than most of the currencies that are under pressure) at some point they will not be able to contain.
It is like a cork that is being held underwater and eventually you take your hand off, the pressure is there and it just going to pop up. The same thing is going to happen to Gold.
Related ETF: Market Vectors Gold Miners ETF (GDX), SPDR Gold Trust ETF (GLD)
Related Stocks: Newmont Mining (NEM), Barrick Gold (ABX), Goldcorp (GG), NovaGold (NG)
Peter Schiff is an American businessman, investment broker and financial commentator. Schiff is the CEO and chief global strategist of Euro Pacific Capital Inc.
The bullish case for Gold beneath the surface continues to strengthen and at some point the speculative forces that are restraining Gold, the money that is moving into the U.S. Dollar (because the safe haven money still regards the U.S. Dollar as a safe haven) even though I believe it is riskier than most of the currencies that are under pressure) at some point they will not be able to contain.
It is like a cork that is being held underwater and eventually you take your hand off, the pressure is there and it just going to pop up. The same thing is going to happen to Gold.
Related ETF: Market Vectors Gold Miners ETF (GDX), SPDR Gold Trust ETF (GLD)
Related Stocks: Newmont Mining (NEM), Barrick Gold (ABX), Goldcorp (GG), NovaGold (NG)
Peter Schiff is an American businessman, investment broker and financial commentator. Schiff is the CEO and chief global strategist of Euro Pacific Capital Inc.
Video: What Happens To The Euro If Greece Leaves
Topics:
- What will happen to Greece if they leave the Euro and go back to the Drachma.
- The Euro Currency (EUR) reaction/ outlook: it is still trading above this year`s low around 1.05
Related stock: National Bank Of Greece (NBG)
Peter Schiff is an American businessman, investment broker and financial commentator. Schiff is the CEO and chief global strategist of Euro Pacific Capital Inc.
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