Marc Faber: "Die Kaufkraft des Papiergeldes wird vernichtet"

[Pookiemdh]

Thanks again Mrgeringer! Sounds like a good trading environment for gold.. I also saw another video with Faber mentioning his feeling of a strong bottom around March for Gold. good luck!

[Pookiemdh]

can someone summarize what Faber is saying about gold in English? Thanks.

[mrgeringer]

@Pookiemdh

According to Faber, the gold price will be floating between 1400 and 1700 $ in the (near) future.

Further he said, that the banks of circulation will be destroying or rather damage the purchasing power of assignat (=paper money, am I right? not really sure atm).

Because of that his suuggestoin is to hold between 10 and 25% gold in your portfolio.

Later he underlined the importance of stocks. So do not only concentrate on gold.

I think that wraps it up.

You are welcome.