| Stock Up on Gold—Prices Could Reach $5,000: Market Pro JeeYeon Park Gold prices hit record highs above $1,200 an ounce, with funds lengthening positions due to expectations of more dollar weakness and more central bank buying. How should investors be positioned? Lou Grasso, gold trader at Millennium Futures, and Peter Schiff, president of Euro Pacific Capital, shared their outlooks. “[Gold at] $1,200 is not expensive, considering all the money that we’ve created and all the money we’re going to create—not only the Federal Reserve, but central banks around the world,” Schiff told CNBC. Schiff said inflation pressures will drive gold prices up to $5,000 an ounce and investors should stock up right now. "When the people find they can vote themselves money, that will herald the end of the republic." - Fall Of The Republic - Buy the DVD here
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