Marc Faber on the state of silver, gold, and commodities

[not8upwthit]

If you watch enough Marc caber videos he clearly doesn't like America and believes Europe is superior. Screw you mr Faber europe is a mess and will fail, perhaps soon. Germany is tired of supporting all the losers in Europe -besides we all know what great neibors the Germans are-America liberated your asses twice.....we will get our house back in order and we will not forget those that were ready to bury us.....

[scarmenl]

this is exactly why I'm already going to a system where I produce my own alcohol and bio diesel and the oil companies can take a hike.

[0urGaia]

Always appreciate listening to Mr Faber because he is the real man of truth.

[TheBlitz1]

shwoop Marc Faber is obviously a no bullshit economist like peter schiff, all the other short term TV hacks that pervade wall street business shows are retarded and try to make excuses for spending money all the time

[Ridetonowhere]

@silvercelli Russia as well

[UKSecretCourts]

Yay for Marc Faber.

[SilverHurricane2970]

Commodities are real assets. The stock market in a deflationary depression can be devastated. You want to hold onto hard assets which cannot be manipulated so easily like gold and silver bullion.

[UPSIPO]

OK Great "Gold is money"! What about mining costs??????? It cost $200 to mine 1 Ounce of Gold! You much better off buying "worthless" stocks long term! Stocks sell for 3 times book value, Gold 5 time book value. Gold has zero interest, stock a small 3%. Stock have 20 PE , Gold has no Earnings. Gold is already supper overpriced digesting all the Hyper inflation and all thye defaults in the world.

[harrybath]

@UPSIPO Gold is not super overpriced because of demand, price is determined by supply and demand. I have been buying gold as recently as last week. I prefer silver at the moment. There is alot of demand for gold and I guarantee you it will go alot higher than todays price.  If we have an escalation in the middle east precious metal prices will go balistic. Stocks are good too but gold should definatley be in a portfolio

[UPSIPO]

@harrybath When you "give me guarantee that Gold will go much higher", I know Gold bullishness is at its peek! You would not have dared to guarantee me the same guarantee you gave me today in 2001 when Gold was 250$ an ounce and when everybody else where "guaranteeing" Gold has no value, it is a relik and it is going to be $100......

[harrybath]

@UPSIPO gold is going to be a hundred dollars ? Read bloomberg have you seen whats going on in Japan this week. The BOJ is about to devalue the yen, then people will pile into another currency and then that currency will be forced to weaken. This currency volatility is causing higher gold price. People want to hold a currency that can't be devalued by a central bank. As long as this is going on gold will be very strong. The peak of bullishness will happen when we have a crisis in bonds.

[szililolabu]

Geez such a smart guy and such an empty room. Well if no-one is listrening at least we keep such great investing +knowledge to ourselves