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- Author of the entry: Mennica Skarbowa
- Date of entry:
"Everyone should have gold in their investment portfolio" ? Marc Feber
Marc Faber, the well-known publisher of the Gloom, Boom & Doom report, believes that everyone should have gold in their investment portfolio, which will retain its value even if the worst-case scenario—the collapse of the financial system—comes to pass.
During a conference organized on the occasion of the Evli Bank Oyj event in Helsinki, Marc Faber spoke about the importance of investment gold. "In the worst-case scenario, when the system collapses, which I expect, it will still have some value," commented Marc Faber. He adds that "when the collapse comes and all we have left are plastic credit cards, maybe then we will decide to return to a gold-based system."
Faber was asked by Yale University professor Robert Shiller what the point of investing in gold was. Faber responded by suggesting a bet: "I'm willing to bet that you keep your US dollars and I keep my gold, and we'll see which one of us reaches zero first."
Source: http://www.bloomberg.com/news/2013-01-22/buying-gold-is-best-bet-in-worst-case-scenario-faber-says-1-.html
