silver may outperform gold but I stick to gold because my safe deposit box is not large enough to put enough silver in it

Silver may outperform gold but I stick to gold because my safe deposit box is not large enough to put enough silver in it said Dr. Marc Faber editor of the gloom Boom and Doom report in a recent interview with McAlavany radio host : "....First of all, I think that gold and silver will move in the same direction, but as I tried to explain earlier on, when you print money, essentially, everything goes up, but at different times, and with different intensities. In a bull market, usually, toward the tail end of the bull market, silver tends to grossly outperform gold. So, yes, maybe it will outperform gold, but I stick to gold because my safe deposit box is not large enough to put enough silver in it, whereas, it is large enough to put enough gold in it.Different people have different takes on this, and my friend Eric Sprott, who knows the silver and gold markets extremely well, thinks that silver will go ballistic. Yes, maybe that is true, but I do not think that silver will go up alone, without gold also moving. The direction will be same. Concerning China, yes, I suppose that silver would have a larger industrial component than gold, but as I pointed out, if China collapses and there is a huge deflationary scare, I suppose that it is the real industrial commodities, like copper and nickel and so forth, would be more vulnerable than gold and silver..."
in an interview with McAlvany on 23 Feb 2011



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