April 13, 2013
Everyone’s talking about today’s plummeting gold prices.
Marc Faber, author of the the Gloom Boom & Doom Report, was on Bloomberg TV with Trish Regan and Adam Johnson to talk about it.
Faber is an optimist. He thinks this sell-off is presenting a buying opportunity.
He also thinks we should think of gold relative to the other asset classes.
“I would just like to make one comment,” he said. “At the moment, a lot of people are knocking gold down. But if we look at the records, we are now down 21% from the September 2011 high. Apple is down 39% from last year’s high.”
This article was posted: Saturday, April 13, 2013 at 3:56 am