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Schiff and Rogers Agree Gold and Commodities!

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October 5, 2009

Crash Proof 2.0: How t... Peter D. Schiff Best Price: $1.50 Buy New $3.97 (as of 10:46 UTC - Details)

Peter Schiff and Jim Rogers agree that inflation is coming and the place to invest is in gold and commodities. Schiff feels that the dollar is going to continue to get weaker which will only strengthen the value of commodities. In a recent interview with CNBC Schiff said, “I don’t know when [the dollar] is going to strengthen. The dollar isn’t the new yen, it’s unfortunately the new peso.” Rogers agrees as he told CNBC, “The true inflation rate in America? It’s certainly at least 6 or 7 percent, the US government lies about it, as you know, everybody who shops knows that prices are up, everybody except the US government, and I wish we knew where they shopped so we can shop there too and get good prices.”

Schiff and Rogers agree that we are still very early in this bull market for gold. The price of gold bottomed in 2001 at around $225 an ounce. Gold currently trades at over $1000 an ounce and many gold bull investors feel there is much upside potential. Schiff actually said that he sees gold reaching $5000 an ounce in the future.

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October 5, 2009

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