What is amazing is that the price of gold is not reacting not only to the inflation that has already taken place but also to all the inflation that we know is baked into the cake because we have all these governments with massive amounts of debt, no chance of ever repaying it. The only thing they can do is monetize it. So there`s massive debt monetization and inflation on the horizon that should be factored into the price of gold right now.
Related stocks and ETFs: Newmont Mining (NEM), Barrick Gold (ABX), SPDR Gold Trust ETF (GLD), iShares Silver ETF (SLV), Goldcorp (GG)
Peter Schiff is an American businessman, investment broker and financial commentator. Schiff is the CEO and chief global strategist of Euro Pacific Capital Inc.
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