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Thursday, October 6, 2011

Gold & Silver will be increasingly perceived as cash and less as commodities

Marc Faber : If you look at the environment we are in , there are a lot of similarities with 2008 where basically the financing for the exploration companies dried up the global liquidity shrunk asset prices collapsed but the US Dollar and the US government bonds were strong , and we have a repeat here of that situation ,my saying is that industrial commodities are vulnerable and still remain vulnerable . In the case of Gold and Silver I think increasingly they will be perceived as cash and increasingly they will move in strong hands- in CNBC-TV18 

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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