Monday, August 19, 2013

Stocks are in Bubble Territory, Making it a good time to move into Gold

 Marc Faber : "The S&P is down 3 percent from its high, 1,709, and yesterday we had over 400 new 12-month lows on the New York Stock Exchange. That is remarkable," he said. "That shows that the internal picture of the market is very different than what the indices show. The indices Nasdaq, S&P, Dow are driven by just a few stocks that are very strong. They are in bubble territory."
 "First of all, I have a preference for physical gold, held in a safe deposit box outside the United States, and preferably in Asia, for a variety of reasons,"

 "About 10 days ago, all shares became incredibly cheap in terms of their valuation compared to the gold price, and, as you say, some experts don't like gold." - in CNBC TV 18

Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.


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