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Peter Schiff: "Gold going to $5,000"

November 9, 9:20 PMState of the World ExaminerMark Reinoso
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Peter makes a great point about the value of gold and how stable it is. People think that gold is a bubble, when in reality, it reflects the actual value of a currency that it is demominated in. For example,  for the last few hundred years, an ounce of gold  was enough to buy a finely tailored men's suit. Three ounces of silver has been equivalent to filling up your car with a tank of gas for the last hundred years. There isn't a bubble in gold...its the currency that is dying.

 

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