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Marc Faber Loves the Drop In The Price Of Gold - Sees Buying Opportunity

June 22, 2013
Canadian Value

Canadian Value

109 followers
Faber thinks that pretty much everything is oversold right now. Equities, bonds and gold included.

By historical standards Faber thinks the sentiment for gold and bonds is incredibly negative. He would much rather own gold and bonds than equities.

Faber suggests that if you believe what Bernanke is saying then you believe in Father Christmas. If the economy does not meet the Fed's expectations in one year they will consider additional measures.



About the author:

Canadian Value
http://valueinvestorcanada.blogspot.com/

Rating: 1.9/5 (7 votes)

Comments

traderatwork
Traderatwork - 1 year ago
If Marc Faber is doing what he told others to do, he should be losing his shirts right now. If fact he is not because he has no idea where the gold will be and as a forecaster his job is to make a lot of predictions. No more no less.

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