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FABER: Not Even Gold Will Save You From What is Coming...
#1
http://www.businessinsider.com/faber-gol...ide-2013-3

Marc Faber, who authors the Gloom Boom & Doom newsletter, is usually pretty bearish on stocks and bullish on gold.

Lately, though, gold doesn't seem like it can catch a bid.

"Despite the continued reverberations regarding the Cyprus bailout and its involvement of bank deposits, gold struggled to maintain the positive momentum created in the first two weeks of March and instead now looks very likely to move lower, towards $1580/oz," wrote Deutsche Bank commodities analyst Xiao Fu in a note this morning.

So, what does Faber have to say about it?

This morning, on Bloomberg Surveillance with Tom Keene and Alix Steel, Dr. Doom was asked why gold wasn't holding up.

Here's his explanation:

When you print money, the money does not flow evenly into the economic system. It stays essentially in the financial service industry and among people that have access to these funds, mostly well-to-do people. It does not go to the worker. I just mentioned that it doesn't flow evenly into the system.

Now from time to time it will lift the NASDAQ like between 1997 and March 2000. Then it lifted home prices in the U.S. until 2007. Then it lifted the commodity prices in 2008 until July 2008 when the global economy was already in recession. More recently it has lifted selected emerging economies, stock markets in Indonesia, Philippines, Thailand, up four times from 2009 lows and now the U.S.

So we are creating bubbles and bubbles and bubbles. This bubble will come to an end. My concern is that we are going to have a systemic crisis where it is going to be very difficult to hide. Even in gold, it will be difficult to hide.
"In 4 more OMao years you won't like how America looks....I guarantee it."
“When injustice becomes law, resistance becomes duty.” -- Thomas Jefferson
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#2
[attachment=461]
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#3
Today I melted down 26lbs of lead. I trust that over gold.
This will be the best security for maintaining our liberties. A nation of well-informed men who have been taught to know and prize the rights which God has given them cannot be enslaved. It is in the religion of ignorance that tyranny begins. -Ben Franklin
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#4
Connal;91793 Wrote:Today I melted down 26lbs of lead. I trust that over gold.

With a certain machine made by DaVinci you could turn that into gold.

[Image: Mayflowers.jpg]
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#5
streaker69;91805 Wrote:
Connal;91793 Wrote:Today I melted down 26lbs of lead. I trust that over gold.

With a certain machine made by DaVinci you could turn that into gold.

[Image: Mayflowers.jpg]

If you would spring for the machine, I would pay you back in gold lol.
This will be the best security for maintaining our liberties. A nation of well-informed men who have been taught to know and prize the rights which God has given them cannot be enslaved. It is in the religion of ignorance that tyranny begins. -Ben Franklin
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#6
The gold market is tiny compared to the stock market. It's much easier if you're a big investment house to hold the price back throwing a little bit of leverage around and use it bust the stop losses of your investors have set so you can profit off the trade fees. I think the gold market is being held in check like the interest rates except it's being done unofficially. I think that like the interest rates sooner or later market forces are going to bust it's bonds and the price will go to where it should be considering the rate of inflation. I believe that both the interest rates and price of gold will fire up simultaneously and feed off each other.

I'm not saying its going to hit 5k but when the interest rate breaks loose from the grip of the fed I wouldn't be surprised to see 2500 an oz once they can't keep dumping this cheap money into the system.

Just my 2c.
The forum poster formerly known as Emoticon...
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#7
streaker69;91805 Wrote:
Connal;91793 Wrote:Today I melted down 26lbs of lead. I trust that over gold.

With a certain machine made by DaVinci you could turn that into gold.

[Image: Mayflowers.jpg]

You can turn copper into gold and platinum through a LENR (low energy nuclear reaction). The specific details about how to do so aren't public knowledge afaik but it involves phonon-resonance just like most modern LENR power generation systems.
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#8
Never mind.
[Image: pafoasig.png]
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#9
JustinHEMI;92490 Wrote:Never mind.

sometimes its for the best......
[Image: incubi+INK.jpg]. ABC,CBS,NBC,CNN no diff
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#10
re: "Even in gold, it will be difficult to hide."

It may be difficult to hide, but I'd rather have gold than paper.

I agree that gold is held artificially low now. ETFs are short the market and sell heavy on any upward spike. But also, the money is pouring into equities because of its bull run, leaving investors to liquidate gold holdings in order to get in on the equities action.

When it all comes down, the place to be is with the basics: food, water, shelter, guns, ammo, gold, silver, copper, seed, livestock, etc.
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