Who cares about the price of gold?

Yet another prescient performance: Peter Schiff speaks with CNBC host Mark Haines about how gold... in November 2005. Watch how CNBC's Mark Haines abruptly interrupts Peter.

Note, gold price was $494



Peter Schiff: Since the last time I was in this studio, gold has risen by over 60 dollars an ounce. That's a tremendous loss of purchasing power in the dollar. And I think as people around the world...

Mark Haines: I don't buy gold.

Peter Schiff: Well, you should be. It's up 60 dollars since I've been here...

Mark Haines: The average person doesn't buy gold.

Peter Schiff: Not now...

Mark Haines: Who cares about the price of gold?

Peter Schiff: Well, you should care...

Mark Haines: People care about the price of bread, milk, and a college education... gold, who cares?

Peter Schiff: In a few years, you'll probably care.