Peter Schiff on Gold in 2012


Partial Transcript:

Dan Loeb’s Third Point Re To Merge After Years Of Losses

Nestle Dan Loeb Daniel Loeb third point capital hedge fund manager activist investor poison pen activism Yahoo corporate governance famous investorsLast week, Third Point Re insurance, which is backed by US hedge-fund manager Daniel Loeb, said it would merge with Sirius International Insurance Group in a cash-and-stock deal worth around $788 million. The deal comes at a pivotal time for both companies. Third Point Re To Merge After Years Of Losses Early last year, reports Read More

“We’ve been buying – personally I have been buying particularly in the mining stocks which I think have a lot of value. I was very bullish on gold for 2011. This time 2010. And for most of the year we had a very strong market. I didn’t anticipate the extent of the decline towards the end of the year, although that makes me even more bullish for the prospects for gold for 2012. I think the fundamentals have never been better for gold and I think prices are going a lot higher.”