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Wednesday, July 30, 2014

Paper Money cannot be a protection, hold Gold

With practically Zero percent interest rates and cost of living increases of about Ten percent per annum, paper money at zero interest rates loses its purchasing power.
One of the functions of paper money is to be a store of value. [Hence] I have argued again and again that investors should hold some assets in precious metals as an alternative to cash

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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