Sunday, October 13, 2013

Gold Bullion as Insurance Against Mischief

Business Week: Mr. Faber, you have to buy gold?

Faber: Yes. Owning physical gold is for me personally an insurance against mischief, driving the governments. In the worst-case scenario ...

With state bankruptcies ... or hyperinflation ...

Governments ... will not say: Oh, we have made a mistake. You will not find culprit.

And that will be the wealthy?

I do not think that the individuals' assets remain untouched.

Gold as an insurance against crises, this is the one. What if I want to speculate?

As an investor, you can make more money with gold mining stocks. Were virtually destroyed the last price drop and are now favourable to have.

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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