Average People Are Concerned About Inflation

When they poll people, average people and ask then, "What is your biggest problem?" The number one answer, the number one response is the rising cost of living. So average people are concerned about inflation.

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

Gold: Mispricing The Asset

People were buying internet stocks at crazy valuations just before the crash, people were buying condos in Vegas. They are doing the same thing in reverse when it comes to gold. It is the same lack of understanding of the fundamentals that is causing a mispricing of the asset.

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 Real Value Of Gold (video)

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

What Motivates Individuals To Own Gold

What motivates individuals to own gold rather than Euros, or Dollars, or Pounds or Yen is inflation. Is the idea that the value of the fiat currency is going to decline over time and that the interest rate that you are earning is not enough to offset the loss of purchasing power through inflation.

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

Gold Stocks & Gold Price

The gold stocks are a reflection of the future price of gold. But not of what the future price of gold actually is going to be because nobody knows that. It is a reflection of what people buying gold stocks believe the future price of gold is going to be. So, there are a lot of people that expect that the price of gold is going to collapse in the future even though it has not collapsed yet. In fact, even though it is rising in 2014, the expectation the rise will not last, that gold is going to roll over and collapse and that expectation of a future collapse of the price of gold is built into the price of gold stocks. But the problem is, the people that are expecting lower gold prices are probably wrong.

Related stocks and ETFs: Newmont Mining (NEM), Barrick Gold (ABX), Goldcorp (GG), Market Vectors Gold Miners ETF (GDX), 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.

Negative Press On Gold

There`s a lot of negative press on gold. All the articles that I read despite the strength in gold, they were negative. Here are some examples: Forbes had an article, I am going to read the headline,

"Gold at highest levels since November, but could it plunge as low as 1,000?"

So they are not talking about if it`s going to continue but that if it`s about to plunge.

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