Saturday, June 9, 2012

Marc Faber : Warming to Gold Shares

Marc Faber : "I am also warming to Gold shares. Gold corrected to $1,522 last December from $1,921 in September. It rebounded to $1,795 in February and is back down around $1,600. The correction could last longer, but given that governments will print more money, gold is relatively effective as a currency. My preference is physical gold, but I would also own some gold shares, which have been decimated. " - In the new issue of Barron's


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