Sunday, July 6, 2014

Gold storage safer in Asia according to Marc Faber

I'm worried that one day if the US does the same as in 1933, mainly seize the gold. They didnt expropriate it, they paid for it after they revalued the price of Gold. If that happened again, they would go to the European's and to the Swiss governments and say you have to do the same, and probably they would oblige. But in Asia I dont the Americans would do that. So I keep some gold in Asia and the bulk is still in Switzerland but I am thinking of moving it more and more to Asia.