“Gold is insurance if the banking system fails,” Dr. Marc Faber said at the CFA Analyst Seminar in Chicago in a presentation titled, “Inflating Asset Markets and Deflating Real Economic Activity? Strategies for Global Investors.”
“As an investor I’d like to own something outside the banking system, and that includes real estate, art and gold,” he was quoted by Pensions & Investments Online as saying. -- source NewsMax
Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.Dr. Doom also trades currencies and commodity futures like Gold and Oil.
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