Thursday, August 15, 2013
Marc Faber : We are the Mercy of a bunch of madmen at the Central Banks around the World
Marc Faber : You have been talking to too many gold bears who never owned an ounce of gold , you should say Marc you've been riding the bull market in gold in 1999 when gold was at 250 dollars , and in 2007 when the S&P hit a peak of 1576 we're not that far above we are less than ten percent Gold was at 780 dollars , so in other words since 2007 we are up 70 percent or more in gold so yes I rode it down from the peak in 2011 and actually I bough some gold at $1300 an ounce and again at $1200 an ounce and I will buy more on the way down , because I think We are the Mercy of a bunch of madmen at the central banks around the world that are going to print and print and print- 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 Nicole Bourbaki