Wednesday, January 9, 2013
Marc Faber : I am very cautious on 2013. I don't particularly like any assets right now
Marc Faber : "The markets that have performed extremely well since the lows of 2009 are not going to do particularly well in 2013," "I am very cautious on 2013. I don't particularly like any assets right now.""But we have so much government intervention," "you cannot predict the markets...I just see that governments will print money, and there will be competitive devaluations. "So I want to have gold as an insurance policy.""I intend to increase my gold position on any further weakness, although I am concerned that US Dollar strength could be a headwind for a strong gold rally."
Posted by Biz TV