Marc Faber : Dump paper currencies, buy gold
"All paper currencies will continue to lose their purchasing power as they have over the last 100 years or so," investment guru Marc Faber, told the Financial Times in Hong Kong last week.
"I suggest that people accumulate gold. They shouldn't market-time the Gold Price, because we're going to have volatility...But I will not sell my gold, not for as long as [the current US administration] is structuring fiscal, monetary and foreign policies."
"In the US, I don't think we will have real [positive] interest rates at any time in the next 10 years."
Via Commodityonline
No comments:
Post a Comment
Note: Only a member of this blog may post a comment.