Tuesday, October 8, 2013

Responsible people should own gold

Gold has been a controversial relic for many investors. Some love them and others hate them. Mr Faber is on the side who love them although I dont think he is a Gold bug. He is simply a realist.

"I always buy gold and I own gold, I dont even value it. I regard it as an insurance policy. I think responsible citizens should own gold period. Eventually it Gold prices will go up."

Marc Faber is an world famous contrarian investor known for his accurate predictions of the stock markets around the world.