Friday, March 16, 2012

long Oil and Gold in view of the escalation with Iran

Marc Faber : Well, if there are escalations, then obviously you have to be long, oil and gold. My sense is that the Iranians are playing the same game the Japanese played in the '70s and '80s. They always negotiated but never did anything about the changing balances - they just want to delay the hour of truth. Every day, I think the Iranians are getting closer to having nuclear weapons. I can understand why. The whole world is hostile towards Iran, and they are encircled. In the west, France has nuclear weapons and Britain and the U.S., and their neighbor Israel, towards the west. Then in the east, India and Pakistan and of course China. So why shouldn't they have nuclear weapons? Mind you, either there is all around abandonment of nuclear weapons by all the powers, or every country should be allowed to have them. We in the Western World, we have the misguided belief that we are there to judge which countries may have and which countries should not have nuclear weapons. But maybe our view is wrong. My view is that if I were looking after Iran, for sure I would want to have nuclear weapons. For sure! - in


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