Sunday, April 21, 2013

Marc Faber : In this kind of High Volatility Hold Cash but not with a Cyprus Bank

Marc Faber : "My argument is that you should always have in this kind of high volatility environment a fair amount of cash because opportunities will always arise again and again and if you have cash you can then buy assets at a reasonable price. I think Patience is very important in this environment. The question is, how do you hold your cash? Hopefully not with a Cyprus bank." - in Bloomberg


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