Economic expert Peter Schiff, a man well repsected for his message of truth and fundamental investment advice, was recently asked about the price of gold.

On his weekly radio show, Wall Street Unspun, a caller raised the question, "When everybody figures out they need gold, will the purchasing power of gold dramatically increase?"

Peter replied, " Well of course, right now gold prices are very low because it's not really functioning as money. And people are still placing their confidence in fiat currencies. "

"Gold is going to go to the moon. Absolutely to the moon. People are going to realize that governments are going to print and print and print, and that paper is going to have no value. "

Peter's opinion on gold has been consistently bearish going back over 5 years. Now more than ever, Peter is stressing the importance of gold as a hedge against currency devaluation - particularly a potential 'hyper-inflationary US dollar collapse that he has so blatantly predicted in his book, Crash Proof: How to Profit From the Coming Economic Collapse .