Peter Schiff even more bullish on gold, ups price target to $10,000

Peter Schiff annoys some people with his ranting style of presentation but he has been right on gold. He is now upping his price target for gold from $5,000 to $10,000 an ounce.

The thesis about the devaluation of the dollar by runaway government spending is not new. But Mr Schiff is now almost mainstream in his thinking so he needs to push the boat further out.