Thursday, January 24, 2013

Marc Faber : In the Systemic Failure that I expect Gold would still have some value

Everyone should keep gold in their portfolios as the precious metal will be able to offer value to investors even in a worst-case scenario, said Marc Faber at an event hosted by Evli Bank Oyj in Helsinki Finland . “In the worst case scenario, in the systemic failure that I expect, it would still have some value,” When “the system goes down,” and only plastic credit cards are left, “maybe then people will realize and go back to some gold-based system or such,” he said.


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