Peter Schiff of Euro Pacific Precious Metals gives his long-term forecast for the price of gold in his latest video. Schiff warns that the recent increases in the stock market and improved job numbers are no reason to not worry about buying gold and silver. The underlying problems with the economy and the dollar are still there.
And if anything, the recent pullback in gold and silver prices have provided a wonderful buying opportunity for those who want start buying or increase their holdings.
Watch the video to help get a better understanding of the fundamentals of the precious metals markets and their relationship to monetary policy of the Federal Reserve and the budgetary problems of the U.S. government.