Marc Faber - Is Gold a Ponzi Scheme?
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Uploaded by marcfaberblog on Mar 21, 2011
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Greece will be bailed out, and then these bonds will be bought by individual investors and financial institutions. Ultimately Spain and Portugal will get to the same position, and they will also be bailed out. This will lead to monetary inflation. Without the ability to grow, these countries will not be able to make enough money to pay the increasing debt payments. The Federal Government in the United States will have to bail out states like Illinois and California.
Everyone should accumulate gold over time. Now is not the best buying point, since it is now at an all time high. We have already had a rally, and there is a possibility that it could retreat.
Gold is not a ponzi scheme. Its quantity cannot be increased as money can. Eventually if you print money, the purchasing power of money will improve. Gold has been up strongly since 2000 while the stock market remains flat.
If you insist on investing in stocks, then you might want to purchase Indian shares or Chinese shares rather than stocks in the United States. We went into this crisis with an unprecedented debt level. These are all debts that will come due. The fiscal deficit will come to huge debt payments, especially when the interest rates rise.
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The really good question they did not cover in this splendid news report was: Is the dollar a Ponzi Scheme?
TheTrueJBV3737 3 months ago
SORO sold 800million in Gold assets they is buy buy buy signal do just opposite SORO wants.
superhawkn 4 months ago
Gold will go as high as it needs to go to correct the world's imbalances and printing/electronic money mania.
EconCat88 4 months ago 2
A negative interest money system creates paradise on earth:
youtube.com/watch?v=7kk6fplyLTI
Adriaan1950 4 months ago
Gold is in a bubble. The dumb money is piling in. That's a sure sign.
INQM5 5 months ago
Gold hit $1797.30 an ounce on August 26th
It was $1130.00/oz when this show aired (5 months ago)...so if you bought 100 ounces that day, which would've cost $113,000 -- that investment is now worth $179,730 -- a gain of $66,730 IN FIVE MONTHS!
If dollars (backed by NOTHING) are still being printed with such reckless abandon then inflation & runaway costs are inevitable. Drone attacks in Pakistan, bombs for Libya, foreign occupations in Iraq & Afghanistan -- MACHINE GUN DEMOCRACY IS DOOMED!
TruthJockey 5 months ago
Gold a Ponzi??...who is that idiot!! Another talking head to add to the collection!
campeona5 11 months ago