Thursday, February 4, 2010

Peter Schiff: Buy Gold Not Dollar

Peter Schiff Gold

Peter Schiff, along with many commodity investment experts maintain it'll be far more profitable to invest in gold than the U.S. dollar, and people should continue to think in those terms going forward.

Even though the U.S. dollar has made a temporary upward move recently, gold has actually held up quite well in spite of it, as the numerous data and reports have for the most part been yawned at by investors, as the underlying economic fundamentals remain extremely weak, and defaults on loans, both commercial and retail will grow during 2010.

Gold not only will build wealth for investors over the next several years, but it will also provide safety against inflation which has already started its upward climb.

Recent data that household debt will grow to $1.3 trillion in the United States should also help gold perform strongly in 2010 and beyond.

Peter Schiff Gold

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