Thursday, May 19, 2011

Marc Faber recommends precious metals for the average investor

In an interview with ET Now Dr Marc Faber advises the average investor to go for physical gold and silver :" For the typical investor, I would look at precious metals. They are now correcting on the downside, but I do not think there is a huge downside risk. I would recommend investors to gradually accumulate precious metals." he said , and when asked which one of the precious metals he prefers gold or silver he answered " They move in the same direction, and silver is more volatile. Each individual has to decide himself what he prefers - a more volatile commodity or a more steady commodity. I prefer gold for a variety of reasons, but I can see that may be silver will outperform gold in a bull market."

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