Two persistent myths convince gold bears that the price of gold will remain low – a looming series of interest rate hikes from the Federal Reserve and the fact that gold did not rally during the last round of quantitative easing.

Peter Schiff explains why both of these myths are ready to die following Friday’s terrible job report. The silver price surged significantly higher on Friday’s news, and Peter thinks it won’t be long before gold also breaks out of its trading range. Investors are quickly running out of time to take advantage of these low prices.

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