The Financial Post reported that, according to Marc Faber, the publisher of the Gloom, Boom & Doom report, there is value to holding gold as part of a portfolio to guard against a “worst-case scenario”.

As quoted in the market report:

When “the system goes down,” and only plastic credit cards are left, “maybe then people will realize and go back to some gold-based system or such,” he said.

To view the whole Financial Post report, click here.