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The Great Gold Redemption

- Peter Schiff - Euro Pacific Capital

Gold prices are historically due for a correction which I believe we just saw now it will be interesting to see whether or not gold prices hold at these levels or if they come down from here. It sounds like this article is saying gold prices have to fall from here but with the amount of demand that’s coming into the physical side of the gold coin and bullion markets I wouldn’t be surprised to see gold prices rise from here. Nice article. Thanks for giving me something to think about. http://www.goldpricesdirect.com

Commented 4002 days ago

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Beginning of the headline :The most puzzling part of the investment business is seeing how the vast and largely economically illiterate masses interpret any given piece of news. Take the recent gold selloff: many large players were motivated to sell by news that Cyprus will have to liquidate its gold stockpiles to pay off acute debt obligations. But just a moment's reflection shows this reaction to be knee-jerk.The real story behind Cyprus' deal has much more profound ramifications - and they are positive for gold.The Rig... Read More

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