Schiff, bullish on Gold and Silver

I noticed that over the past few weeks Gold has maintained its gains as the stock market has been jumping around. It’s becoming clearer and clearer that Gold is going to keep going up with all the funny money being printed by the Fed and other governments.

Silver has gone up some and is also fairly steady. Peter Schiff, a well known economist and author of “Crash Proof”, mentioned in a video blog that he believed Gold will begin to go up with increasing speed. He also mentioned that when he recommends Gold he also is recommending silver. He also says that he believes Silver is the better investment (whereas Gold is more of a hedge), following the same rational as Mike Maloney.

Silver is currently way way below it historical price ratio to Gold. Also when Gold reaches 3000 to 4000 per ounce people may rush into silver because it will be much more affordable, as compared to Gold, causing the price to skyrocket.

Sally and I are buying silver, little by little, with our limited monthly investment funds.