Schiff advises investors to forgo currencies for precious metals

Peter Schiff, veteran economic pundit and president of Euro Pacific Capital, advises investors to stick with gold despite a recent downturn in bullion prices.

In a recent interview with CNBC Schiff says there are no currencies which provide a safe harbour investment at present, and that investors who just want to save their money should instead purchase precious metals which possess intrinsic value.

Schiff also notes that gold and silver prices should receive a boost from the surging business costs of mining companies.

http://www.mining.com/schiff-advises-investors-to-forgo-currencies-for-precious-metals-89802/

Advertisements

About Mission Mining

US Gold and Silver Mining - Our Nevada & California mining properties are anticipated to hold extremely large precious metals resources. The Company has posted over $400 Million in Assets in its OTC Filings. Come join us!
This entry was posted in Uncategorized and tagged , , , , , , , , , , , . Bookmark the permalink.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s