Wednesday, March 3, 2010

Marc Faber: Gold Versus Currencies

Marc Faber on Gold and Currencies

Talking about gold recently, Marc Faber stated he believes that gold prices bottomed out as of February 5, and we'll continue to see them rise.

Faber added that two of the more important currencies in the world - the U.S. dollar and the euro - will continue to to drop in value against gold, and "all" paper currencies will do the same over a period of time.

There's nothing to suggest any of this will change any time soon either, as reports continue to conclude we're far from being over the recession, and there's a lot of pain to come, a climate gold investment and gold prices thrive in.

Marc Faber on Gold and Currencies

No comments: