Peter Schiff: Gold could surge this week
“I think Q2 is going to be the high-water mark for the year,” Schiff said, referring to tomorrow’s GDP report. “I think it’s all downhill from here. We might not even get a 3 percent [GDP], we might get less than that. And that can be bullish for gold.”
Peter Schiff is a well-known commentator appearing regularly on CNBC, TechTicker and FoxNews. He is often referred to as “Doctor Doom” because of his bearish outlook on the economy and the U.S. Dollar in particular. Peter was one of the first from within the professional investment field to call the housing market a bubble. Peter has written a book called “Crash Proof” and a follow-on called “The Little Book of Bull Moves in Bear Markets”. He is the President of EuroPacific Capital, which is a brokerage specializing in finding dividend-yielding, value-based foreign stocks.