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Peter Schiff on Fast Money Calls $2,000 Gold in 2009

Mr. Schiff was mocked for calling the market collapse before it happened, correctly predicted that gold would reach $1,000 in 2008 and recently schooled the CNBC crew at Fast Money as he predicts the market has much further to drop and gold will hit $2,000 in 2009. If you’ve been a subscriber to Gold Stock Bull for a while, you know we have been making similar calls and are aligned with his views. 2008 may prove to be the last time you will be able to get gold under $1,000 or silver under $10. The liquidation and deleveraging has created a short-term buying opportunity across all commodities and for precious metals in particular. Get some while you still can because when the floor falls out from beneath the dollar, the party is over.

By | 2017-03-23T14:06:37+00:00 November 22nd, 2008|Gold & Silver Commentary|

About the Author:

Jason is the founder of He previously worked in data analytics for the world's largest research firm, consulting to Fortune 500 companies globally. Jason eventually leveraged those skills to trade successfully full-time and after helping friends and family optimize their investments, he launched Gold Stock Bull and The GSB Contrarian Report newsletter. Jason is a cycles investor with a contrarian eye for identifying undervalued assets. He has built an expertise in both the precious metals and cryptocurrency markets. Jason believes in honest money, limited government, decentralization of power and enjoys studying alternative economic models.