$5,000 gold

Peter Schiff predicts gold will hit $5,000 within 2 years. He’s quoted saying "gold's got only one direction to go, and that's higher."

http://finance.yahoo.com/news/think-golds-pricey-wait-until-203639532.html

When pundits state that a market can only go one direction, that’s time to take a position the other way. I agree with Schiff when he said, "We're going to have a real crisis of confidence." But I believe that crisis will be deflation.

Gold Falls to Six-Week Low on Draghi Deflation Warning

http://www.bloomberg.com/news/2012-10-24/gold-rebounds-as-biggest-drop-in-three-months-boosts-purchases.html