Investors Should accumulate gold reserves as a currency

In an interview today with CNBC Dr. Marc Faber editor & publisher of The Gloom, Boom & Doom Report said that Investors should be their own central banks and gradually accumulate gold reserves as a currency, rather than speculating in gold. Marc Faber, editor & publisher of "The Gloom, Boom & Doom Report" talks about his preferred ways to invest in gold  " well basically I do not think that people should punt on Gold but they should be their own central bank and gradually accumulate gold reserves as a currency and they should basically hold it physically but not in the US outside the US " " I think there is the risk that the US will once again as they did in 1933 collect the gold expropriate the gold they will not take away and not pay anything they'll pay probably the market price and after they will revalue it it by say five times "


Contrarian Investor Dr.Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.