In an interview on Yahoo! Finance, Peter Schiff explained why he thinks investors who are shorting gold futures are in for trouble.
“[While futures traders have been betting against gold,] Real demand for physical gold has been increasing the entire time. And so the problem is that physical gold is disappearing. Ultimately, the short sellers have to be able to deliver the commodity they’re selling short. They’re not going to be able to do that… I think that everything supports that this is another buying opportunity in a string of buying opportunities.”
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