Source: CNBC
Peter Schiff: Gold is still going to $5,000
December 23, 2015 6:00am by Barry Ritholtz
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One of 5000 reasons not to watch CNBC. That was painful.
Reality TV is an ugly thing. People always watched TV to escape. I blame the Kardashians.
Peter Schiff = Venn Data of finance
On a personal note wouldn’t a likeness on a flexible stand make a nice punching bag?
Years ago I did a study of the long run supply and demand for gold. The study concluded that over the long run demand would tend to outpace supply growth. Given what we know about the elasticizes involved it suggested that over the long run the real price of gold would have to rise some 3% to 5% annually.
Doesn’t the long run real price of everything rise an average 3% to 5% annually?
Proving again that the “C” stands for Comedy.
Yes eventually – maybe not this century, but eventually it will get there.