Wednesday, July 17, 2013
GOLD : we never know exactly which is the high and which is the low that's why there are more poor people than rich people
Marc Faber : well he (Jim Rogers ) may know more than I do , and it is possible that (Gold) drops further , it is also possible that given the incredible bearish sentiment that exists about the outlook for gold price and given the fact that gold has already declined by almost 40 percent and also given the money printing , that we have around the world that gold is making lows right now , who knows ? my sense is that , we never know exactly which is the high and which is the low that's why there are more poor people than rich people otherwise everybody will buy at the low and sell at the high the same day
In Fox Business News interview : click here to watch the full interview >>>>>>>
Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.
Posted by Biz TV