http://www.businessinsider.com/marc-faber-bearish-on-practically-all-assets-2012-10?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+clusterstock+%28ClusterStock%29
So do the math: A 20% cut in GOLD and SILVER will adjust their current US DOLLAR value to around these levels:
GOLD.................$1,400.00
SILVER....................$27.00
Get ready to BUY THAT DIP! :-)
Marc Faber expects the population to be impoverished and within 5 to 10 years the most powerful people running the global banking system will likely be killed through a major uprising and rebellion. Sounds like Dr. Doom here expects that these "banksters" are going to be executed doesn't it?
Notice that Marc Faber ends the interview above with his usual suggestion of of diversified investments. They are:
- Corporate Bonds
- Cash
- Precious Metals
- Equities
- Real Estate
...developing...
