Why – and How – Marc Faber’s Buying Gold Right Now

Why – and How – Marc Faber’s Buying Gold Right Now

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).

Interview highlights:

  • 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:


Original Faber interview link here.

About Author

Brett

Hi, I’m Brett Owens – and I’m a financial junkie. My “problem” started incollege, when I got a little dose of the stock market – man, was I hooked…in no time, I was reading the Wall Street Journal religously.

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