Marc Faber News Blog Investments and Trading Ideas - A Tracking Blog About Dr. Gloom Boom & Doom Marc Faber , Daily Tracking of Dr. Marc Faber Investment Strategy , Market analysis , Outlook & Media appearances
Monday, September 12, 2011
The Dollar should rebound somewhat but all paper currencies are rotten
Marc Faber : well I think the Dollar is mildly oversold and should rebound somewhat but you understand all paper currencies are rotten , rotten because they are run by a bunch of money printers everywhere in the world , I would rather go into assets such as real estate equities precious metals than into paper - in CNBC TV 18 - 8-Sept-11
Money is moving out of paper into Gold
Marc Faber : I think today to buy a 30 years government bonds at a yield of 3.65 percent and a ten years at a yield of 2.31 percent is suicidal financially , suicidal , I would rather buy equities today but I think after a rebound we are going to go lower because the momentum is now very strong on the downside and I believe as one of your commentators said before there is a loss in confidence in paper money and Money is moving out of paper into Gold - in CNBC TV 18 - 8-Sept-11
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