Gold Bullion as Insurance Against Mischief

Business Week: Mr. Faber, you have to buy gold?

Faber: Yes. Owning physical gold is for me personally an insurance against mischief, driving the governments. In the worst-case scenario ...

With state bankruptcies ... or hyperinflation ...

Governments ... will not say: Oh, we have made a mistake. You will not find culprit.

And that will be the wealthy?

I do not think that the individuals' assets remain untouched.

Gold as an insurance against crises, this is the one. What if I want to speculate?

As an investor, you can make more money with gold mining stocks. Were virtually destroyed the last price drop and are now favourable to have.

- in http://www.wiwo.de/finanzen/geldanlage/marc-faber-physisches-gold-als-versicherung-gegen-unfug/8884908.html

Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.

Marc Faber still bullish on gold bullion

By Chris Oliver, MarketWatch
HONG KONG (MarketWatch) – Gold’s rise to a fresh record Friday won endorsement from financial advisor Marc Faber, who said the rally in bullion prices didn’t appear excessive in view of the inflationary backdrop and ongoing bias of the world’s monetary authorities towards weak currencies.

Faber, known as Dr. Doom for his bearish call on U.S. stocks shortly before the crash of October 1987, said he would continue to be a buyer of bullion at current levels.

“Given all the unfunded liabilities and the money printing in the world and the size of the financial assets in the world, I don’t think we are in a bubble,” Faber told a CLSA Investors’ Forum 2010 in Hong Kong.
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