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Friday, June 8, 2012

Marc Faber : Gold Price already Hit Bottom

Marc Faber : "I'm not sure that Gold will not make a new high this year, but I think we've bottomed out and some gold mining shares have become very very inexpensive compared to the reserves they have. And i think that in the current environment where it is clear that the worse the economy becomes the more the money printers will be at work, that to own a currency whose supply can not be increased at the will of some clowns that occupy the central banks is a desirable investment." - in Bloomberg TV

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