Faber: Gold won't drop below $1000 per ounce again, ever

Quote from Debaser82:

Then you should short it.

:)

You can saywhat you want about gold bugs but at least they put their money where their mouth is.
More...

I prefer to take the position through stocks. If there's inflation, earnings inflate along with it, as do incomes and some specific assets. Gold as an inflation hedge never really struck me as logical. If you're worried about inflation, buy tips or a tips bond fund. I believe there are ETF's for those.
 
"Faber: Gold won't drop below $1000 per ounce again, ever"

I am waiting to double up on my current physical gold deliveries at a drop to $1100, and every $100 below that. If it never drops again, I win with the gold I already hold.
 
MarcFaber_gold.gif
 
gold will drop when the last long is in it... Only pro will be able to survive this fall ( kudos to those in advance ). why ? because it's just a metal.
 
I remember T. Boone Pickens saying that we will never see oil below 100 in our life times, when it was around 130 I think.

There are always tons of very smart people having very strong arguments why asset prices will not drop.

The last wave of the bubble is parabolic move up, why so many people forget this simple fact is amazing.
 
Comparison of a demand driven commodity such as oil with gold, which is in the process of becoming a quasi currency (in part due to grave concerns of the continued role of the dollar as the reserve currency) is suspect.

Unhealthy greenback means gold will stay bid.
 
You must log in or register to reply here.
Back
Top