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Sunday, September 4, 2011

It would not surprise me to see gold down to $1,600

Marc Faber : It would not surprise me to see gold down to 1,600 dollars because recently there has been probably a bit too much enthusiasm. At the same time, what is interesting is that gold in this latest bull market started to rally at the end of June at 1,600 and it went to 1,900. At the same time, treasuries also started to rally. .... This is in a way very illogical because you would want to be in bonds in a highly deflationary environment, and you would rather want to be in gold in an environment where you think money printing will drive up prices. - in Bloomberg Radio 03 Sept 2011

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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