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Saturday, September 3, 2011

Gold is worth its weight

Marc Faber : “The function of paper money is to facilitate the exchange of goods and services, to be a store of value and a unit of account — the U.S. dollar fails on all three,” . “Intelligent people, instead of holding cash in U.S. dollars with zero interest rates, why not hold money in gold and silver?” “Physical gold in a safe deposit box is the safest,” “Forget about huge capital gains. I would look at capital preservation. I want to preserve my capital.

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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