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IPFS News Link • Gold and Silver

Marc Faber: Democracy Is Increasingly Dysfunctional?

• thedailybell.com

Marc Faber: My business is doing fine, my newsletter is doing fine and my forecasts are doing fine. Daily Bell: Tell us what's happening with gold, generally speaking. Marc Faber: As you know, gold went up from $262 in 1999 to $1921 in September of 2011. Since then we've been correcting. We're now around $1200. I think gold compared to other assets is relatively inexpensive whereby all asset margins have been inflated by central banks around the world. Daily Bell: Where do you see it going from here? Marc Faber: I don't know whether gold will go up or down in the next three months but I think that in the longer term gold will go up because central banks will continue to print money, so the purchasing power of money will depreciate. Daily Bell: Same thing with silver and other precious metals?


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