Gold Fundamentals Have Never Been Better

gold1300X600Gold investors can make the long term case for the yellow metal as loud and often as they want, but the market price is the final arbiter investing success. By that objective measure the barbaric metal has had a tough run over the last 18 months.

Since peaking near $1,900 in early September 2011, gold has fallen more than 20%. Over the same period the S&P 500 is up more than 40%. Even for patient investors, that type of spread in performance is cause for concern if not outright panic.

Peter Schiff, outspoken author of The Real Crash and head of Euro Pacific Capital, says the euphoria has been well and truly beaten out of gold. “I’ve never seen such negative sentiment since I’ve been buying it,” he says in the attached video. It’s that negativity that Schiff thinks will provide a wall of worry for gold prices to climb in the coming months.

You can see the full “Breakout” interview below:

Related: SPDR Gold Trust (ETF) (NYSEARCA:GLD)

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