In this MUST WATCH CNBC interview, Peter Schiff states that in only a few years people will look back at $1700 gold with nostalgia as gold will be trading at $5,000/oz!
Schiff states the pace of inflation in accelerating, and gold’s ascent will also accelerate in the near future. Schiff states the USDX will be cut in half, and will trade around 40!
CNBC’s rebuttal: gold can’t go to $5,000/oz because nobody will be able to afford it.
Full interview below: