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.