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Hold Gold to Guard Against Worst-Case Scenario: Faber
Jan. 22, 2013 11:11AM PST
Precious Metals InvestingThe 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”.
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.
