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Marc Faber: "I Would Recommend People Buy Every Month Some Gold For Ever"
Asheron
Posts: 1,229 Forumite
Marc Faber's latest thoughts on the euro (not good),
on Greece (also not too good),
and gold (good to quite good).
"I don't think it will work out, and I think other countries like Spain and probably Portugal (and Italy) will then also have to be bailed out eventually, and it will lead to more monetization in Europe, one of the reason the euro has been so week...
The pain of the austerity will be very, very burdensome on Greece, and eventually the economy can not grow with the kind of budget they will have to enact, and under these conditions their currency is way overvalued (they are in the euro).
And so without the ability to grow, their ability to pay the interest and repay the debt will actually diminish.... I think everybody should accumulate some gold over time.
I would recommend people to buy every month some gold for ever."
http://www.cnbc.com/id/35707348
on Greece (also not too good),
and gold (good to quite good).
"I don't think it will work out, and I think other countries like Spain and probably Portugal (and Italy) will then also have to be bailed out eventually, and it will lead to more monetization in Europe, one of the reason the euro has been so week...
The pain of the austerity will be very, very burdensome on Greece, and eventually the economy can not grow with the kind of budget they will have to enact, and under these conditions their currency is way overvalued (they are in the euro).
And so without the ability to grow, their ability to pay the interest and repay the debt will actually diminish.... I think everybody should accumulate some gold over time.
I would recommend people to buy every month some gold for ever."
http://www.cnbc.com/id/35707348
As an investor, you know that any kind of investment opportunity has its risks, and investing in Stocks or Precious Metals is highly speculative. All of the content I post is for informational purposes only.
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Comments
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Do you think it is more worthwhile to buy gold or to (spread) bet on it going up in value?0
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Me personally I would buy SilverAs an investor, you know that any kind of investment opportunity has its risks, and investing in Stocks or Precious Metals is highly speculative. All of the content I post is for informational purposes only.0
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Why can none of these doomsters phrase a sentence properly?
Marc Faber: "I Would Recommend People Buy Every Month Some Gold For Ever"
Yes mate, I might act on a recommendation if it seemed the author had previously attended a college or similar.0 -
so would I recommend some people buy gold every month forever, especially f they are my husband, and especially if its from that gorgeous little jewelers my wedding ring cam from.0
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Mr Weber has convinced me - I am going to buy lots of gold and live in it / eat it.0
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Why can none of these doomsters phrase a sentence properly?
Marc Faber: "I Would Recommend People Buy Every Month Some Gold For Ever"
Yes mate, I might act on a recommendation if it seemed the author had previously attended a college or similar.
He was a managing director at Drexel Burnham Lambert Ltd Hong Kong[3] from the beginning of 1978 until the firm's collapse in 1990. :eek:
No wonder he always sounds pxxxxd off
'Just think for a moment what a prospect that is. A single market without barriers visible or invisible giving you direct and unhindered access to the purchasing power of over 300 million of the worlds wealthiest and most prosperous people' Margaret Thatcher0 -
Drexels..............the company with the motto...."I Would Recommend People Buy Every Month Some Junk Bonds For Ever"
Hopefully this Faber loon isn't trying to flog us Junk Gold :eek:'In nature, there are neither rewards nor punishments - there are Consequences.'0 -
Why can none of these doomsters phrase a sentence properly?
Marc Faber: "I Would Recommend People Buy Every Month Some Gold For Ever"
Yes mate, I might act on a recommendation if it seemed the author had previously attended a college or similar.
Now with a slight change it works.
Yoda : "mmmm, would Recommend People Buy Every Month Some Gold For Ever"0 -
If you had bought one ounce of gold, on each anniversary of the current high, for the last 20 years, it would have averaged a little under 265GBP per ounce.
Even if todays price dips back to 700GBP, that is a good buy.
But as we all know, gold is a no risk asset.0
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