Marc Faber likes gold at these levels – the physical variety that is – and recommends storing it anywhere but the US (much to the shock of the potted plants in suits on CNBC).
- On gold’s lackluster year: Money printing does not lift all assets at the same time with the same intensity
- Believes $1,322 may have been a “major low” – though concedes it’s possible it will break lower
- He’s buying right now (started buying more physical at $1400)
- And emphasizes he doesn’t store any in the US due to confiscation concerns (though admits this is not a likely scenario)
Here’s the video embed and original link: