Schiff: Gold could reach $5,000 before dollar death
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November 11, 2009, 4:20 pm
Filed under: bank bailout, China, Credit Crisis, DEBT, Dollar, dollar collapse, Economic Collapse, economic depression, Economy, Federal Reserve, global economy, gold, Great Depression, Greenback, hyperinflation, India, Inflation, obama stimulus, peter schiff, Russia, silver, silver shortage, Stock Market, US Economy
Filed under: bank bailout, China, Credit Crisis, DEBT, Dollar, dollar collapse, Economic Collapse, economic depression, Economy, Federal Reserve, global economy, gold, Great Depression, Greenback, hyperinflation, India, Inflation, obama stimulus, peter schiff, Russia, silver, silver shortage, Stock Market, US Economy
GOLD UPDATE – (11/11/2009)
As the market opened today Gold hit an all-time high of $1,117.80-$1,115 per troy ounce, that is nearly a $10 dollar difference from just a few days ago.
The steep rise in gold has many factors but mainly because China, India and Russia are moving towards gold and silver as a storage of wealth, and also the other factor of course is the dollar is in the dumps. Is this a sign of hyper-inflation at our doorstep?
Schiff: Gold could reach $5,000 before dollar death
What silver and gold should you buy?
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