Peter Schiff was on Fox Business today and made the following points:
* Gold to break $1,000 soon and push much higher this time
* 50% or more of Peter Schiff’s liquid assets are in gold/gold stocks
* Most people should have 10-20%, more if you are young and aggressive
* Many gold stocks could go up 50 or 100 times from current levels
* At some point, the rest of world will stop lending the United States money
* America is in for a rude awakening, when we have to return to producing and saving again
* It is impossible for the U.S. government to pay back its debt. Default is only option.
* Peter Schiff might run for Senate in Connecticut
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If I lived in Connecticut I’d definitely vote for Peter Schiff !!!!
Run, Peter, run!
Yes stocks in Australia are about to move: Have a look at:
Beacon Minerals 2cents, (Set to produce 2010) Silver Lake Resources 75cents (already producing. Read the data coming out of these two for starters.
There is a lot of mining developments that will be producing in Western Australia by mid 2010. Check out the ASX
Agree. I like Australian miners. Did well with Newcrest a few years ago. I will look into Beacon and Silver Lake. Will run them through my spreadsheet of comparative valuations and see where they end up.
Out of gold stocks for the moment…