The value of gold can never be denied. Since the ancient times, people have high regards of gold and even in the modern age, gold remains to be valuable.
Throughout the ancient world, royals have been using gold for jewelry and art. In ancient Egypt, pharaohs have used gold to adorn their bodies and to make precious artworks and objects for rituals such as the very famous funerary mask of Tutankhamen.
Gold is a sought-after metal and is used for coins, and most especially jewelry. 50 percent of the world’s gold is harvested and made to be jewelry. 40% are dedicated to investments, and the remaining 10% in various industries.
In this article, we will explore what peter schiff is saying regarding gold prices. He is a known advocate of buying gold stocks. He is an investment banker and the CEO of Euro Pacific Capital.
We will look over his statements in an interview regarding gold and how you should choose it to be part of your stock portfolio.
He says in an interview by Olivier Ludwig, “I think for most Americans, gold is going to do better than stocks, and it’s certainly going to do better than bonds. And right now the agricultural commodities are doing really well. I mean look what’s happening to corn in that last couple of days – soybeans, sugar, look what cotton’s been doing. “
He continues to point out, “No. I’m not buying U.S. stocks. I think U.S. stocks will go up, but I think they will go up more slowly than foreign stocks, and I don’t think yields are there. I don’t think they’ll do as good as gold or silver or other commodities. Now there are some U.S. stocks you could buy, like a gold stock, like Newmont Mining, and there are some other ones you could buy, like in energy. But in general, I think you’re better off investing outside the United States”.
With the US dollar continuing to plummet, many are losing money and stocks. The money that they have truly worked hard for.
Mr. Schiff continues to tell people that they will be able to profit even in this hard economy through a planned restructuring of your investment portfolio.
You do not have to be an economist to actually learn how the economy works. You only need to learn the basic concepts that will make you understand what can or cannot work for you.
Peter Schiff is also an author of a number books that will explain what is wrong with the economy and how you can help yourself handle your money better.
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