Hello fellow investors. As you may or may not know I consider myself a precious metals investor. I own gold & silver mainly. So as I was browsing around youtube looking for various financial videos I came across an interview with Peter Schiff done by Fox Business Channel. Peter predicts that gold will rise all the way to the $5000 per ounce range withing the next 5-10 years. Here is the video:
[youtube lc9FjwlHEc8&hl]
So what do you folks think? Is the dollar going to be inflated out of existence and as a result push the price of gold to astronomical level? Any gold bugs in the house?
Feel free to give your input on this issue at the following forum thread: