Friday , 29 March 2024

Peter Schiff Explains the Pullback in Gold & What the Future Holds

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Peter Schiff responds to skeptics who claim gold’s bull run is over in this 12:48 video. Many believe the economy is improving and therefore that gold’s rise has ended. However, Peter explains why the longterm fundamentals for gold have never been better, and how investors still have time to take advantage of gold’s temporary decline.

So says an introduction to this new video* on the gold market by Peter Schiff (http://blog.europacmetals.com) entitled The Gold Bull is Far from Dead.

This post is presented compliments of www.FinancialArticleSummariesToday.com (A site for sore eyes and inquisitive minds) and www.munKNEE.com (Your Key to Making Money!) and may have been edited ([ ]), abridged (…) and/or reformatted (some sub-titles and bold/italics emphases) for the sake of clarity and brevity to ensure a fast and easy read. Please note that this paragraph must be included in any article re-posting to avoid copyright infringement.

In a snippet from the video Schiff says:

“People who are saying there is no reason to buy gold now, never understood the reason people were buying it in the first place. People weren’t buying gold because they were worried about a crisis in the Eurozone or weak US stocks. People were buying gold because central banks were printing too much money. It’s inflation that drives the gold train, not political uncertainty.”

Editor’s Note: The author’s views and conclusions are unaltered and no personal comments have been included to maintain the integrity of the original article. Furthermore, the views, conclusions and any recommendations offered in this article are not to be construed as an endorsement of such by the editor.

*http://blog.europacmetals.com/2013/02/the-gold-bull-is-far-from-dead-video/

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