Monday, August 23, 2010

Marc Faber : Gold at $5000 if Robert Prechter is right

Marc Faber : "if the Robert Prechter's scenario of the Dow Jones below 1000 comes about which I do not believe but just in case it comes about then Gold may be at $5000 may be it would have gone up who knows , I would rather imagine that in a huge debt contraction that everything will be down then something will be down to zero like paper cash in US dollars , the government bonds will be worthless shares will have some value and gold will have some value "

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