Peter Schiff joined a moderated debate on the subject at the Orlando Money Show. Peter teamed up with Rick Rule to argue for gold, against Louis Navellier and Jeffrey Saut, who contend the stock market is still the place to be. Mark Skousen moderated the debate.

Interestingly, even Navellier admitted that the stock market is getting "a little bubbly." He said it looks like '99 all over again – the year before the dot-com bubble popped. But he still thinks there's money to be made.

Skousen set up the gold argument by bringing up the fact Mark Mobius says buy gold at any price because interest rates are so low and gold is relatively cheap.

Rule said the gold vs. stocks debate is a little bit silly. It's not necessarily one or the other. The stock market is a market place to buy and sell stocks. Why would you be against the market? Why would you be against every individual company? On the other hand, Rule said he thinks gold is very under-owned. He pointed out that even a reversion to the mean in gold investment would quadruple demand for the yellow metal.