The stocks Marc 'Dr. Doom' Faber actually likes: "Gold is an unusual asset. It's an asset that people hold as sort of disaster insurance. They feel if things go really badly wrong, they'll at least have some gold in their portfolio … [which is] not all that accurate. A lot of people hold gold as an inflation hedge, but the movements of gold prices don't predict inflation very well, actually. … Nobody really understands gold prices, and I don't pretend to really understand them, either."
'via Blog this'
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