Sunday, August 11, 2013
Gold Mining Shares have become very very inexpensive compared to the Reserves they have
Marc Faber : "I'm not sure that Gold will not make a new high this year, but I think we've bottomed out and some gold mining shares have become very very inexpensive compared to the reserves they have.
And Ii think that in the current environment where it is clear that the worse the economy becomes the more the money printers will be at work, that to own a currency whose supply can not be increased at the will of some clowns that occupy the central banks is a desirable investment."
Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.