Monday, January 28, 2013

Marc Faber vs. Robert Shiller Debating Gold Investment for 2013

Marc Faber : "I'm prepared to make a bet." said Faber. "You keep your US Dollars and I'll keep my gold. We'll see which one goes to zero first."

Marc Faber admitted to being too gloomy, joking that "Sometimes I'm so concerned about the world I want to jump out of the window."

But "in the worst case scenario, in the systemic failure that I expect, [gold] would still have some value," the Swiss author and money manager went on.

Shiller responded "I'm inclined to think gold prices after this crisis might return to a lower level. Given the low yields of the alternatives [ie, bonds], the valuation of the stock market doesn't look so bad."


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