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Marc Faber: We Have a New Gold Standard
Posted By admin On March 18, 2010 @ 4:10 am In Money Watch | Comments Disabled
Thursday, March 18th, 2010
The markets have created their own gold standard because of uncertainties regarding other asset classes, Marc Faber, author of “The Gloom, Boom and Doom Report,” told CNBC Thursday.
“I think we already have now a gold standard … created by the market place,” Faber told “Squawk Box Europe.”
“We have the (exchange traded funds) that have proliferated and we have more and more physical buying of gold,” he said.
Between 2001 and 2008, gold outperformed bonds and stocks, but starting with 2009 stocks outperformed, which means investors must own gold because generally retail investors cannot move in and out of different assets like institutional investors, Faber said.
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URLs in this post:
 CNBC.com: http://www.cnbc.com/id/35912043
 Image: http://prisonplanet.tv/signup.html
 Marc Faber: The US Can ‘Artificially Depress’ Prices And Confiscate Your Gold: http://www.prisonplanet.com/marc-faber-the-us-can-artificially-depress-prices-and-confiscate-your-gold.html
 MARC FABER: The Stock Market Has Peaked: http://www.prisonplanet.com/marc-faber-the-stock-market-has-peaked.html
 MARC FABER: Sure Gold Is Down, But Apple Is Down By Twice As Much: http://www.prisonplanet.com/marc-faber-sure-gold-is-down-but-apple-is-down-by-twice-as-much.html
 Marc Faber Sees No Bubble in Gold Price Run Up: http://www.prisonplanet.com/marc-faber-sees-no-bubble-in-gold-price-run-up.html
 European Stocks Could Correct Up to 20%: Marc Faber: http://www.prisonplanet.com/european-stocks-could-correct-up-to-20-marc-faber.html
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