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Marc Faber was right on gold correction!
Posted on 08 May 2008 with no comments from readers[youtube=http://youtube.com/watch?v=5J-kNTKuy9s]
Dr Marc Faber is by far the most accurate forecaster of market trends that I have come across in the past decade. In this video a couple of months ago he correctly forecast the gold correction. But note his long-term commitment to gold which he continues to hold himself. Mr Bernanke is the greatest friend to gold investors with his loose monetary policy, he argues.
no Comments posted by readers:
A really interesting and astute blog!
Well, in a sense he is correct isn’t he?
Loose monetary policy, though highly destructive, can only prove the hard way and in the long run that gold is superior to fiat currency.