Monday, February 3, 2014

Singapore One of the Safest places in the world to Store Gold

Mr. Faber said his Asian storage center of choice is the Singapore FreePort, located in its own duty-free zone near the city's airport. Marc Faber : "Own physical gold because the old system will implode. Those who own paper assets are doomed."“I have no faith in paper money, period. Next, insider buying is also high in gold shares. Gold has massively underperformed relative to the S&P 500 and the Russell 2000. Maybe the price will go down some from here, but individual investors and my fellow panelists and Barron's editors ought to own some gold.”“About 20% of my net worth is in gold. I don't even value it in my portfolio.”"Individuals are making a mistake if they're holding all their assets in one country.…I still have the majority of my gold in Switzerland, but I am already moving gold to Asia,"



Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.Dr. Doom also trades currencies and commodity futures like Gold and Oil.

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