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Friday, June 22, 2012

Marc Faber: Gold Not necessarily the Best Asset

Marc Faber: I do not think it (Gold) is necessarily the best asset. What I am suggesting is that people should diversify their assets and should own some gold compared to paper money. Over time central banks will continue to print money everywhere in the world. Therefore, the purchasing power of paper money will decline. So I would own some gold. We are in a correction period and we may still go lower. But on this weakness I would continue to accumulate gold. - in ET Now 21 June 2012


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