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Commodities Briefing - Categorized | Bullion/Gold, Market Moves more

I’m still buying gold, and I will never sell my gold: Marc Faber

Posted on 07 May 2013

Behind the recent gold crash is no central bank manipulation, at least that is what one can gather from the words of the contrarian investor and the author of ‘The Gloom, Boom, & Doom report’, Marc Faber.
He knows that central banks in Asia are grossly underweight when it comes to gold. And the central banks in Western nations hold substantial quantity of gold. “So why would they depress the price of gold [as] a gift to the Asian central banks, to be able to buy [it] at a lower price? That I don’t [understand] entirely,” he said……………………………………….Full Article: Source


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VRS - who has written 36545 posts on Opalesque Commodities Briefing.


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