Monday, September 17, 2012

Invest in Gold but do not store it in America

Marc Faber : “the trend for gold prices will be steady but the trend for the dollar and other currencies will be down. So in other words gold in dollar terms will trend higher.”
“How high it will go, you will have to call Mr. Bernanke and at the Fed there are other people who actually make Mr. Bernanke look like a hawk and so they are going to print money.”
“You ought to own some gold but don’t store it in the US, the Fed will take it away from you one day,”
“eventually we will have a systemic crisis and everything will collapse.” - in Bloomberg


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