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Marc Faber : I love the Fact that Gold is Finally Breaking Down , Gold Is not Down as Much as Apple the Bull Market is not Over

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Be prepared for the next great transfer of wealth and the collapse of fiat currencies around the world. Buy physical silver and storable food.

World renown author and forecaster Marc Faber’s [Tomorrow's Gold: Asia's age of discovery, Riding the Millennial Storm: Marc Faber's Path to Profit in the Financial Markets,The Great Money Illusion; The Confusion Of The Confusions] latest take on the situation:

Marc Faber “I love the Fact that Gold is Finally Breaking Down because that will offer an excellent buying opportunity”. Gold Isn’t Down as Much as Apple said Marc Faber , The Bull Marker in Gold is not over he added

April 12 (Bloomberg) — Gloom, Boom and Doom Report Publisher marc Faber discusses the markets, gold and his investment strategy on Bloomberg Television’s “Street Smart.” (Source: Bloomberg) Marc Faber : “I love the markets. I love the fact that gold is finally breaking down. That will offer an excellent buying opportunity. I would just like to make one comment. At the moment, a lot of people are knocking gold down. But if we look at the records, we are now down 21% from the September 2011 high. Apple is down 39% from last year’s high. At the same time, the S&P is at about not even up 1% from the peak in October 2007. Over the same period of time, even after today’s correction gold is up 100%. The S&P is up 2% over the March 2000 high. Gold is up 442%. So I am happy we have a sell-off that will lead to a major low. It could be at $1400, it could be today at $1300, but I think that the bull market in gold is not completed.”

2013-04-14 12:02:01

Source: http://silveristhenew.com/2013/04/14/marc-faber-i-love-the-fact-that-gold-is-finally-breaking-down-gold-is-not-down-as-much-as-apple-the-bull-market-is-not-over/


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    • iamamerican

      [I love the fact that gold is breaking down, that will offer an excellent buying opportunity.] This is proof of what I have been saying. The Feds want you to panic and sell your gold so they get their grubby little hands on it.

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