This guy used to be so adamant about gold, but now...
I do not think it is necessarily the best asset. What I am suggesting is that people should diversify their assets and should own some gold compared to paper money. Over time central banks will continue to print money everywhere in the world.
Therefore, the purchasing power of paper money will decline. So I would own some gold. We are in a correction period and we may still go lower. But on this weakness I would continue to accumulate gold. - in Economic Times
Now this is strange when these retired global club guys like Marc Faber and Jim Rogers start to change their tune on gold. But you have to remember that men like this have $10 million in gold and silver, $10 million in various currencies, $10 million in stocks, and $30 million hedged against the others. They basically are well taken care of which is why they are not middle class.
This current crisis is basically a MIDDLE CLASS TAKE DOWN which is necessary because the MIDDLE CLASS were becoming a headache to the rich in that many MIDDLE CLASS were rather financially solvent and as a result had some personal independence. The rich cannot stomach to see others live like that so it's time for a change and the change is going to be brutal because there is no place to hide from this:
Everyone is going to be taken down even if you hold cash because of the CURRENCY RESET coming and additional TAX INCREASES.
As I said before in some of my comments this has come to this: IT'S SURVIVAL TIME.
