“Gold is insurance if the banking system fails,”
“As an investor I’d like to own something outside the banking system, and that includes real estate, art and gold.”
Mr. Faber, publisher of the “Gloom, Doom and Boom” newsletter, made his comments Thursday at the CFA Analyst Seminar in Chicago in a presentation titled, “Inflating Asset Markets and Deflating Real Economic Activity? Strategies for Global Investors.”
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.
I stumbled upon this topic via Google. Very interesting view on subject. Thanks for sharing.
ReplyDeleteBe very cautious with the likes of Faber and e.g. schiff. They have been dead wrong for the last 5 or 6 years.
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