Monday, January 28, 2013

Faber wants to jump out of the window

Reiterating his bullishness of gold Faber recently at a event in Helsinki said, In the worst case scenario, in the systemic failure that I expect, it(Gold) would still have some value. When the system goes down and only plastic credit cards are left, maybe then people will realize and go back to some gold-based system or such.

Faber said his outlook was so bleak that he is “hyper bearish. Sometimes I’m so concerned about the world I want to jump out of the window.”