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Steve Herschbach

$2000 Gold Within A Year?

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"Schiff, 50, isn’t fazed that gold is heading for its first annual price drop in 13 years, or that Goldman Sachs Group Inc. has called it a “slam-dunk sell.” He predicts bullion will reverse its 21 percent year-to-date decline and probably surge 52 percent to reach a record $2,000 an ounce within a year."

http://www.bloomberg.com/news/2013-11-04/gold-bug-schiff-counters-goldman-sachs-on-first-drop-since-2000.html

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I'm with Peter Schiff on his estimate.

 

Gold is driven by economic uncertainty. The only thing that is certain is out of control spending, increasing taxation, more regulation, higher unemployment. The current fundamentals are unsustainable.

 

- Geowizard

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"“Nobody really understands gold prices and I don’t pretend to really understand them either,” Fed Chairman Ben S. Bernanke told the Senate Banking Committee in July."

 

I think this is the most credible quote in the article.

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