Thursday, March 4, 2010

Marc Faber: Buy Gold Forever

Marc Faber on Dollar and Gold

In an interview on CNBC today, Marc Faber told interviewers that he recommends investors to buy gold on a monthly basis forever.

Part of Faber's reasoning is the ongoing printing of U.S. dollars which will continue to weaken the currency going forward.

Faber also recommends for investors to look toward emerging market stocks rather than shares in U.S. companies.

For the U.S. dollar, Faber says it won't necessarily go down like it may have under normal circumstances, because foreign government are also printing money, essentially competing with the dollar on the downward spiral in value of their currencies, making it harder to predict than in the past.

Marc Faber on Dollar and Gold

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