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Tuesday, August 23, 2011

Gold Price Trend Is Up, But Near Term It Can Drop

I am not sure how high the price of gold or silver will increase but when I consider the further inevitable growth of the US and other governments’ debts, the creation of paper money in the world and especially at the low gold ownership rate in the world, I am confident that the price trend of gold is up. (But) near term I think the price could drop. - in The Jakarta Globe

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


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