Where's the Bottom in Gold? - Peter Schiff
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With gold in free fall, gold expert Peter Schiff answers the question on everybody's mind: "Where is the bottom in gold and is it time to sell?"
Peter explains how speculative money drove the current decline in the price and why the strong fundamentals of gold indicate the price may rise even faster than it has fallen.
"If [gold] does [drop to $1,000], I don't think it's going to stay there very long. I think the price is going much higher. Not only than where it is now, but higher than $1,900, which was the peak of this recent move... I think this decline is being driven entirely by speculators."
Related ETFs: (NYSE: GLD)
Peter explains how speculative money drove the current decline in the price and why the strong fundamentals of gold indicate the price may rise even faster than it has fallen.
"If [gold] does [drop to $1,000], I don't think it's going to stay there very long. I think the price is going much higher. Not only than where it is now, but higher than $1,900, which was the peak of this recent move... I think this decline is being driven entirely by speculators."
Related ETFs: (NYSE: GLD)
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