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Given all the money printing that is going on globally . . . and given that the total credit as a percentage of the advanced economies is now 30% higher than in Year 2007 before the crisis hit, I think Gold is good insurance.
I think Gold shares are very inexpensive. So a basket of Gold shares I think next year could easily appreciate 30 percent.
Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.