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$2000 Gold in 2009 says Peter Schiff, Ron Paul supporter

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Peter Schiff, Ron Paul supporter and President & Chief Global Strategist at Pacific Capital Inc, predicts $2000 gold in one year. Current price is $882.5

Channel: News & Politics
Uploaded: November 30, 1999 at 12:00 am
Author: OptionsMonster

Length: 04:57
Rating: 4.90
Views: 98418

Tags: 2008  Election  futures  Gold  Iran  Iraq  market  McCain  Pakistan  Paul  platinum  Politics  Recession  Ron  silver  Stock  War  

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Video Comments

jrjrg (November 30, 1999 at 12:00 am)
he said 2009, not 08
narutofan1108 (November 30, 1999 at 12:00 am)
I know. He's trying to warn people & they laugh at him.
narutofan1108 (November 30, 1999 at 12:00 am)
Now citigroup is predicting this.
VirginiaTagz (November 30, 1999 at 12:00 am)
Get your fucking gold people!!!
llazy1 (November 30, 1999 at 12:00 am)
ok- only 28 days left for his prediction of gold at $1200 by the end of the year. Since oil has collapsed to $47, then by his figures, gold should now be at $470 an oz.
DNATS (November 30, 1999 at 12:00 am)
OMG these fucking morons keep mocking him....grrrrrrr
clev9980 (November 30, 1999 at 12:00 am)
it will go higher, but ultimately the very wealthy and govts control the majority of it...thus control the price..the average person will get burned in physical gold.
Jacobrester (November 30, 1999 at 12:00 am)
I have heard the gold bugs say that since the early 1990's. It has never got close, and in my opinion, it will not anytime soon.
TVause (November 30, 1999 at 12:00 am)
Buy gold coins from coin shops. You will typically save more money on larger purchases and bigger coins. Kruggerands are alawys a good choice. Just make sure you have a safe.
TVause (November 30, 1999 at 12:00 am)
I would argue that the drop in gold prices is artificial and simply a result of government intervention. This however is only putting off the inevitable; gold prices will, in the long run, go up.

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