$2000 Gold in 2009 says Peter Schiff, Ron Paul supporter
Uploaded by: OptionsMonster
Video Description:
Peter Schiff, Ron Paul supporter and President & Chief Global Strategist at Pacific Capital Inc, predicts $2000 gold in one year.
Current price is $882.5
Tags for this video: 2008 Election futures Gold Iran Iraq market McCain Pakistan Paul platinum Politics Recession Ron silver Stock War
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YES precious the change is coming and its going to be a biatccchhhh
He said gold, which was at $950/ounce in June, would reach $1200/ounce by October of 2008.
When he said the dollar would collapse, it was sitting at 70 on the index.
What has happened?
The dollar index is now 88. The price of gold has fallen to $776/ounce, and commodities have collapsed in prices.
He doesnt seem to accurate to me.
how da f* do i convince my mother to do so? she has 70k in total
Gold is a suckers bet.
Thus people with money in European currencies have been flocking to the dollar.
Since oil has collapsed to $47, then by his figures, gold should now be at $470 an oz.