06.03.2012 - Gold price could fall below $1500, says Marc Faber
Marc Faber discusses his bias for portfolio diversification in terms of geographies as well as asset classes, and argues that gold is nowhere near a bubble phase. He cautions though that corrections of 40% are not unusual in a bull market... If the Gold Price drops $50/oz, they're wiped out. All I'm saying is that, in my opinion, the Gold Price correction is not yet entirely completed. I see significant support around the $1,500/oz level, but it could drop lower. It depends on global liquidity and on money printing by central banks. We could have a big correction if global liquidity tightens or they stop printing money...............................................Full Article: Source
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