Marc Faber: Not Even Gold Will Be Able To Save You From What Is Coming
Marc Faber
Marc Faber, who authors the Gloom Boom & Doom newsletter, is usually pretty bearish on stocks and bullish on gold.
Lately, though, gold doesn’t seem like it can catch a bid.
“Despite the continued reverberations regarding the Cyprus bailout and its involvement of bank deposits, gold struggled to maintain the positive momentum created in the first two weeks of March and instead now looks very likely to move lower, towards $1580/oz,” wrote Deutsche Bank commodities analyst Xiao Fu in a note this morning.
So, what does Faber have to say about it?
Read more at businessinsider.com
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BUY BULLETS THE NEW GOLD
…. or gold…..
Most people are smart enough to first prep themselves adequetly and then stock up on precious metals to preserve thier wealth. It’s usually people who don’t have a pot to piss in; in the first place who are constantly harping the ” you can’t eat money” line.
Do you really think that people who are smart enough to have the wealth it takes to buy gold would be so stupid as to not buy food?
Buy seeds because only food will help society stay civil. Email me if you want half of the largest private seedbank on earth. 11,600 types of seeds, the garden of eden 5 times over. [email protected]
Nothing, I say nothing; is more valuable to a broken society than food. not bullets, not guns…
FOOD
[email protected] – Sorry, new address…
the guy is a moron!
…and what does he think is so funny?
Oil is actually a great price right now. It is the primary input to the entire global economy. It too will only rise over time, but there is greater need for oil than gold.
You still have to trust that market is solvent enough to buy back your gold, or gold tracking stocks and index funds. If you’re carting around a wheelbarrow full of it, dont expect to keep on to it for any measurable length of time if the shit really hits the fan.
In the end, the assumption is that the market survives and the monetary value of gold holds when you decide to hedge into it.
This country has never been more divided since dishonest Abe was sworn in to the presidency.