Home / Articles & Videos / I Want To Be Diversified, I Want To Own Some Gold
goldcore_bloomberg_chart2_15-09-14

I Want To Be Diversified, I Want To Own Some Gold

Veteran investor Marc Faber, author of The Gloom, Boom and Doom Report, reiterated the need for gold in a diversified portfolio when interviewed last week on CNBC.

Asked for his view about gold, Faber commented on possible gold market manipulation and the need to diversify investment portfolios:

“Basically, we’ve been in a correction since 2011, some informed observers they think that the market is manipulated, I don’t know.
But I have always argued, we don’t know how the world looks like in 5 years’ time, maybe the S&P is at 3000, but it could also be at 1500, we just don’t know.

There’s a lot of manipulation through fiscal and monetary policies.

Now, I want to be diversified, I want to own some gold, I want to own some shares, I own the most in Asia, and some in Europe because I think in Europe there’s still better value than in the US, and I own some bonds and cash and real estate. So, I hope that when the collapse happens, I’m only going to lose 50% of my money. “

Source Gold Core

Looking for a secure way to buy physical gold and silver?

GoldMoney company offers you 6 months of FREE storage if you sign-up and buy physical metals via www.goldreference.org. Simply choose “GoldReference.org” from the dropdown list, or manually write goldreference, when you open a Holding at GoldMoney. See also our page How To Buy Gold & Silver Online.

Translate »