Yesterday, Peter Schiff appeared on CNBC to counter Goldman Sachs’ bearish gold forecast. For once, the CNBC analyst agreed with Peter: now is the perfect time to buy gold.
“People are searching for alternatives to fiat money. Obviously when central bankers all around the world are printing money like it’s going out of style, people are looking for alternatives. Some people are jumping at bitcoins. This is new. I don’t know if this is a bubble or a sustainable alternative. I still prefer the real thing. I still prefer gold, something with intrinsic, tangible value, than something on a computer. But I know this: we need alternatives to dollars, Japanese yen, or euros…”