Monday, September 17, 2012
Invest in Gold but do not store it in America
Marc Faber : “the trend for gold prices will be steady but the trend for the dollar and other currencies will be down. So in other words gold in dollar terms will trend higher.”
“How high it will go, you will have to call Mr. Bernanke and at the Fed there are other people who actually make Mr. Bernanke look like a hawk and so they are going to print money.”
“You ought to own some gold but don’t store it in the US, the Fed will take it away from you one day,”
“eventually we will have a systemic crisis and everything will collapse.” - in Bloomberg
“How high it will go, you will have to call Mr. Bernanke and at the Fed there are other people who actually make Mr. Bernanke look like a hawk and so they are going to print money.”
“You ought to own some gold but don’t store it in the US, the Fed will take it away from you one day,”
“eventually we will have a systemic crisis and everything will collapse.” - in Bloomberg
Dr. Marc Faber Tomorrow's Gold
Dr Marc Faber was born in Zurich, Switzerland. He went to school in Geneva and Zurich and finished high school with the Matura. He studied Economics at the University of Zurich and, at the age of 24, obtained a PhD in Economics magna cum laude. Between 1970 and 1978, Dr Faber worked for White Weld & Company Limited in New York, Zurich and Hong Kong. Since 1973, he has lived in Hong Kong. From 1978 to February 1990, he was the Managing Director of Drexel Burnham Lambert (HK) Ltd. In June 1990, he set up his own business, which acts as an investment advisor and fund manager.
-
Build up to WW3 - North Korea Steps Up Missile Firings - North Korea Fires 3 Missiles into Sea of Japan North Korea on Saturday launched three... [[ This is a content summary only. Visit http://www.financearmage...20 minutes ago
-
Robert Kiyosaki : This is the best time. When times are bad is when the real entrepreneurs emerge. - Robert Kiyosaki : This is the best time. When times are bad is when the real... [[ This is a content summary only. Visit www.figanews.com for The full St...50 minutes ago
-
Nouriel Roubini : Five Growth triggers for Indian Economy - Confident About India's Growth Model : Roubini ET... [[ This is a content summary only. Visit my website : www.nourielroubini.blogspot.com for full story! ]]1 hour ago
-
Jim Rogers still Bullish on Farmland in America - Jim Rogers has always been Bullish on farmland... This is an excerpt only please visit http://www.JimRogersInvestments.com for the full story , Thank You >>>>2 hours ago
-
Peter Schiff : When the reign of King Dollar finally comes to a belated end, let's hope all the Gold we allegedly have stored in Fort Knox is actually there - Peter Schiff : “Creditor nations that buy gold cheap from bankrupt nations forced to sell at... [[ This is a content summary only. Visit www.figanews.com f...1 day ago