ET Now: Would you advise investors to put their money in gold or any other asset class?
Marc Faber: We have to be aware that over longer periods of time, gold has not been a very good investment, since it does not generate new businesses, it does not generate dividends or cash flow. I would suggest some money ought to be in gold, as a replacement for having money on deposits with banks, for the risks in the banking system.
Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.
