Featured Stories World News Commentary Money Watch Multimedia Prison Planet U.S. News Science And Technology

Marc Faber Sees No Bubble in Gold Price Run Up

  • Print The Alex Jones Channel Alex Jones Show podcast Prison Planet TV Infowars.com Twitter Alex Jones' Facebook Infowars store

Chanyaporn Chanjaroen
Bloomberg
Sept 6, 2011

Gold’s rally above $1,900 an ounce shows no signs of a “bubble” as central banks continue to boost money supply that has helped spur bullion to a record, according to investor Marc Faber.

“I don’t think that gold is in a bubble,” Faber, publisher of the Gloom, Boom and Doom report, said in a phone interview yesterday from Chiang Mai, Thailand. “When you buy gold, it’s an insurance against systematic failure and problems in the financial markets.”

Gold climbed to a record $1,921.15 an ounce today, underscoring Faber’s contention that declining equities and weakening currencies will support demand. Speculative buying had pushed the gold market into a “bubble that is poised to burst,” Wells Fargo & Co. analysts led by Dean Junkans said in a report last month.

“I’d buy every month a little bit of gold,” Faber said.

Full article here

This article was posted: Tuesday, September 6, 2011 at 8:25 am





Infowars.com Videos:

Comment on this article

Comments are closed.

Watch the News

FEATURED VIDEOS
Kiev Censors MH17 Air Traffic Control Recordings See the rest on the Alex Jones YouTube channel.

U.S. Govt: MH17 Stance Based On Obvious Social Media Hoaxes See the rest on the Alex Jones YouTube channel.

© 2013 PrisonPlanet.com is a Free Speech Systems, LLC company. All rights reserved. Digital Millennium Copyright Act Notice.