Thursday, May 5, 2011

Marc Faber : Gold is Cheap

Marc Faber in an interview with moneycontrol recently said that he does not believe that Gold is in any kind of bubble , in fact it is still cheap at these prices :..."... In gold and silver terms, Marc faber said , the Dow Jones over the last 10 years has already lost more than 80% of its value. "If it were a bubble a lot of people would have gold. The whole world would be trading gold 24 hrs a day. But I don’t think it’s really a bubble. I think may be gold is cheap."

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