Peter Schiff’s 2015 Gold Prediction

I’m getting word and sentiment from multiple sources that I follow that 2015 will be the year of gold. Here is Peter Schiff‘s forecast for this year.

My followers will know that the highest-paying gold move, one that will pay close to 1800:1, is 2016 or 2017 GLD Call Options as far out of of the money as you can go. Put $1000 in January 2017 GLD Calls at $225, and if gold does what it did in 1980, you will be a millionaire by 2016.

That is not a move to put more than 1% of your portfolio in, just to caution you. If GLD does not reach $225 by 2017 you will lose the entire investment. If anyone is interested in a post on how options work, let me know and I’ll write one. For now check my article on this specific investment move at TheStreet.

Advertisements

Comment here.

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s