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GoldSeek Radio Nugget - Peter Schiff: "We're going to go a lot higher than $2500."



Peter Schiff, Head of, says gold is headed much higher than $2,500!

- Peter outlines why he thinks gold mining shares represent solid value investments.

We're going to go a lot higher than $2500. I think we're going to go there pretty quickly. Once we start moving, you know, the only real buyers have been the central banks. The retail investors have been net selling gold for for months. In fact, if you look at the outflows of GLD, this is really unprecedented because the prior two times that gold made highs, you had steady inflows into the ETFs. So the public was buying gold as it went up. But this time they're not in fact they're selling into the rally which likely means that this is the real rally.

The other rallies failed and then the retail investors, you know, got shaken out and so now gold is finally going up and they're not on board, right? The train is leaving the station for good and they've missed it. And ironically, a lot of the people who sold the Gold ETF in the last couple of weeks did it to buy the Bitcoin ETFs, which is the worst possible decision they could have made and a lot of people dumped their gold mining stock to buy the Bitcoin ETF.

- Will the BRICS currency adoption push gold higher?
- Might gold demand soar in the coming months?
- The Fed is telegraphing lower rates - when will they start cutting rates?
- Peter is avoiding US debt.
- Peter's no-load managed fund ticker: EPGIX

Peter's list of favorite gold companies:

Europac Gold Fund (EPGFX) - Top 10 Holdings(54.73% of Total Assets)

Osisko Gold Royalties Ltd OR.TO 6.17%
B2Gold Corp BTO.TO 5.98%
Pan American Silver Corp PAAS.TO 5.77%
Franco-Nevada Corp FNV.TO 5.67%
Barrick Gold Corp ABX.TO 5.65%
Agnico Eagle Mines Ltd AEM.TO 5.56%
Fortuna Silver Mines Inc FVI.TO 5.33%
Wheaton Precious Metals WPM.TO 5.14%
Royal Gold Inc RGLD 5.01%
OceanaGold Corp OGC.TO 4.44%

Disclaimer: Nothing contained herein constitutes a representation by the publisher, nor a solicitation for the purchase or sale of securities & therefore information, nor opinions expressed, shall be construed as a solicitation to buy or sell any stock, futures or options contract mentioned herein. Investors are advised to obtain the advice of a qualified financial & investment advisor before entering any financial transaction.

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