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Marc Faber: We Have a New Gold Standard
Antonia Oprita
CNBC.com
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.
Full article
here
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INFOWARS:
BECAUSE THERE'S A WAR ON FOR YOUR MIND
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