Marc Faber: New Gold Standard Already Created

Marc Faber on Gold

Marc Faber recently sad in an interview that we have already entered into a new gold standard; one created by the free market and not anyone else.

Faber cited the increasing acquisition of physical gold by investors as well as the growing number of exchange traded funds.

In his interview Faber recommended that people flee cash and bonds over the next decade and buy gold and some equities.

Gold will continue to rise in value against all paper currencies which are depreciating said Faber.