Marc Faber: 7 Key Insights About Today’s Debt Bubble

I think I have around 25% in gold whereby I don’t value my gold. I have it and it’s my insurance policy. It is important that one day when the so-called shit hits the fan—and I think the Fed is well on its way to creating that situation—you have access to your gold, that it is not taken away.”

The massive gold accumulation by China, India and Russia:

“In the Far East, we have a tradition of owning physical gold, but what is new is the Chinese government encouraging citizens to own gold. I believe that in the face of political instability and a lack of faith in the U.S. dollar, Asians will continue to accumulate physical gold and silver.”

This article is brought to you courtesy of Gold Silver Worlds, who advocates to own physical gold and silver outside the banking system.

Related Tickers: SPDR Gold Trust ETF (NYSEARCA:GLD), iShares Silver Trust ETF (NYSEARCA:SLV).

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