Tuesday, January 31, 2012

Marc Faber : Buy Gold for Cash never on leverage

Marc Faber : The Easing measures in one form or the other by the ECB or the IMF or whoever it does it should be very gold positive , but you understand the market is a discounting mechanism and gold has a huge run to its September 21st high at 1921 dollars and I think we are still in a correction period , I suppose from the peak to the low it could be 40 percent , not a prediction I am just saying it could happen and I am always telling investors don't buy gold on leverage buy it for cash then you can endure the correction and it can provide additional buying opportunity , but I think my view is the S&P peaked out May second of last year at 1370 I do not think we will exceed that high before year end and I do not think the gold price will exceed 1921 for the next 3 to 6 months - in This Week in Money
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