Got to love the Peter Schiff bashing from the CNBC folks..... like when he (and others) were calling a decline in the housing/economy circa 2007. And still, too many folks continue to define inflation a la the the CPI. Inflation is everywhere and always a monetary phenomenon and inflation is a general increase in the supply of money.
And where do I think gold will bottom.... I don't know. It will bottom when it bottoms. But, as long as central banks create money, the fundamentals for gold remain strong no matter what the market ETF structure dynamics do to the price.
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