Gold Going Nowhere
August 13th, 2007 by Stephen RomanSince inflation and chaos both *should* cause the metal to shoot up, bears consider the rise of gold a forgone conclusion. Yet the value of this precious metal has not even out paced its price from earlier this year. The credit market meltdown has had no significant effect. Don’t lose hope,
…Peter Schiff, chief executive officer of Darien, Connecticut-based brokerage Euro Pacific Capital, with $700 million in customer accounts. “These are ideal conditions for gold. The fact that gold hasn’t risen means there’s a lot of complacency out there. People aren’t panicked yet.”
Posted: August 13th, 2007 under General, gold.
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