Marc Faber: Gold Is A Buy Around $1,250

marc faber“We have a strong rally form the lows at 1180 to over 1400 and now we are backing off. I think between around 1200 and 1250 it is getting into buying range.

The sentiment about gold is very negative, but if you look at everything considered – the monetization of debt, the debt ceiling, which sooner or later will be increased because both Republicans and Democrats are big spenders and the government’s debt has expanded from $1 trillion in 1980 to $5 trillion in 1999, now we are at $16 trillion.

Both Democrats and Republicans have been big, big spenders because a lot of money flows through the government.”

Leave a Reply

Your email address will not be published. Required fields are marked *