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Wednesday, April 11, 2012

Marc Faber Gold outlook for 2012

Marc Faber :  But the returns have been very good since 1999 and year over year I think gold is still up 12 percent...

I think that gold is in a correction period and we had an intermediate peak on September 6, 2011.

And I always advise don’t put all your money into gold because it doesn’t have any cash flow. So you are really dependent on the price appreciation. That is different from owning, say, equities that have a dividend yield of 5 percent, which I can find in Asia. - in Bloomberg TV

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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