CNBC 30 Dec 2011- Peter Schiff : "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."
Peter Schiff is a well-known commentator appearing regularly on CNBC, TechTicker and FoxNews. He is often referred to as "Doctor Doom" because of his bearish outlook on the economy and the U.S. Dollar in particular. Peter was one of the first from within the professional investment field to call the housing market a bubble. Peter has written a book called "Crash Proof" and a follow-on called "The Little Book of Bull Moves in Bear Markets". He is the President of EuroPacific Capital, which is a brokerage specializing in finding dividend-yielding, value-based foreign stocks.