Tuesday, January 22, 2013

Gold is a safe investment for worst case scenario

At an event hosted by Evli Bank - Helsinki, Marc Faber spoke favorably about gold.
In the worst case scenario, in the systemic failure that I expect, Gold would still have some value.
When “the system goes down and only plastic credit cards are left, maybe then people will realize and go back to some gold-based system or such.

He added that he was so hyper bearish of your outlook and added, "Sometimes I’m so concerned about the world I want to jump out of the window.”

Marc Faber is a famous contrarian investor and the publisher of the Gloom Boom & Doom Report newsletter.

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