Peter Schiff defends his call for $5,000 an ounce gold

Posted on 29 October 2014 with no comments from readers

Over the past few years Peter Schiff has consistently predicted that gold was heading higher, and has consistently been proved wrong. He still thinks he is right and is prepared to stand up to his critics.

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That unrepentant reply doesn’t sit well with Scott Nations of NationsShares in this CNBC video, who jumps in to ask Schiff: ‘When are you ever wrong? And how do you ever learn if you’re never wrong?’. Mr. Schiffs perhaps not so cool response is that this happened to him before on US housing and the last financial crash. You are wrong until you are proven so right! So how about $5,000 an ounce gold…

Video link click here!