On Friday, Peter Schiff appeared on CNBC to weigh in on the rising stock market, and why investors should be buying gold instead:
“When this bubble bursts, it’s going to make 2008 look like a Sunday school picnic… Don’t worry about all this media talking about the crash in the gold market. The gold market is in a much bigger bull market than the stock market, and I think a few years from now the Dow is going to be at a much lower level relative to gold than it is today. Back in 2000, the Dow was 40 ounces of gold, now it’s only about 10.”
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I do agree, and prices are good after the drop but say me: Where can I get silver eagles? they are all gone! Ounces of gold are litteraly out of stock and have to wait 3 weeks for delivery!