Wednesday, October 30, 2013

I would hold Physical Gold. Preferably in Singapore, Hong Kong or other Asian countries

 Marc Faber : All I want to say, I would hold physical gold. Preferably probably in Singapore, Hong Kong or other Asian countries. And gold shares are a trading opportunity because they’re so oversold and along with the performance of gold prices they should re-bounce quite strongly. - in goldswitzerland




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

4 comments:

  1. something will break badly he said in May, the S&P peaked at 1500 in April, a 87 style crash was coming aso. Mr Bernanke he called a clown. But Mr Faber surely destroyed more than latter. He was right once. And now is the advertising face of Sprott metals. There is no more honesty.

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  2. hold gold what exactly for? waiting to come back to average prices of 500? defending 0.7% inflation? or to keep the price up so others can still run to the exit?

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    1. I do not know my friend , personally I have started dumping all my physicals starting with the Silver , I took 50% loss but at least now I am free , I was tired to dragging with me tons of physical silver from my home to another (yes I rent ) always scared of having it stolen seized or lost , I have learned my lesson the hard way from now I will be buying paper assets as everybody else and hoarding credit and paper and most importantly guns and bullets , let others hoard physical and worry about it

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    2. sometimes learning late is better than listening too long to the wrong people. Dr Doom can be understood. if I had a deal with Sprott I would sing their song, too. You 50pc loss might be a 50pc more than some months from now.

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