Think You’ve Missed the Gold and Silver Rally? Think Again, Says Marc Faber
time the two monetary metals reach new highs, calls for the end
of the bull market in gold and silver come quickly and frequently.
At $500, $850,
and ever since gold first cracked $1,000 per Troy ounce in March
2008, the gold price remained the focus of those paid to report
a popular view among those firmly entrenched in a fiat paper system
thats rewarded them handsomely for two generations.
by a financial system a system that pays its employees more
than four times the average salary in the rest of the economy,
economist Paul Krugman wrote in 2008 make a living by developing
a reputation for accurately appraising the current state of the
vilified gold and silver market. Otherwise, these unleashed analysts
and money managers will no longer retain their flocks and fortunes.
One such tell-it-like-it-is
investment manager is the publisher and editor of the Gloom Boom
Doom Report, Marc Faber who, as a side matter, says that
the choice for the name of his report, Gloom Boom Doom, came about
from his observations of changing investor sentiment during complete
So, is it Gloom,
Boom or Doom for the precious metals? Faber rejects the notion of
a precious metals market soon entering a Doom stage.
[gold] were a bubble a lot of people would have gold. The whole
world would be trading gold 24 hours a day, he told CNBCs
Joe Kernen. But I dont think its really a bubble.
I think gold is maybe cheaper today than it was in 1999, when it
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Marc Faber [send him
mail] lives in Chiangmai, Thailand and is the author of Tomorrow's
Best of Marc Faber