In his latest video blog, Peter Schiff explains why the gold price has been dropping, even though the fundamentals supporting the price of the yellow metal have never been better. With economic data continuing to prove that the American economy is not recovering, and with indebted nations looking to sell their gold reserves, Peter argues that the next big rally in gold is just around the corner. Don’t be scared off by bearish calls from institutional investors like Goldman Sachs – gold is still cheap!
“Not only is moving gold from European nations to Asian nations…bullish, because you’re moving gold from weak hands to strong hands. But it’s also bearish for the dollar, because now money that used to be in US Treasuries is going to be in gold bullion instead.”