Gold’s “Bigger Question” Is Where To Store It – Marc Faber

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Published : October 13th, 2015
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Category : Market Analysis

Marc Faber has again encouraged individuals to own physical gold, be wary of possible government confiscation and said that the big question is where to store your gold.

… But I would say an individual should definitely own some physical gold…The bigger question is where should he store it?”

Because I think if we think it through, the failure of monetary policies will not be admitted by the professors that are at central banks.

They will then go and blame someone else for it and then an easy target would be to blame it on people that own physical gold because they can argue, well these are the ones that do take money out of circulation and then the velocity of money goes down …  we have to take it away from them.”

That has happened in 1933 in the US…

With our brilliant governments in Europe that follow US policies and with the ECB talking every day to the Federal Reserve, they would do the same in Europe, take the gold away from people.”

Marc Faber is an eloquent advocate of owning physical gold which he describes as being a way to become “your own central bank.”  He believes an allocation to physical gold will serve as vital financial insurance and that Singapore is the safest place to own gold in the world today.

Watch the complete interview with Marc Faber on Marcopolis.net.

Marc Faber Webinar on Storing Gold in Singapore 

Essential Guide To Storing Gold In Singapore

DAILY PRICESToday’s Gold Prices:   USD 1154.40, EUR 1014.95 and GBP 757.16 per ounce.
Yesterday’s Gold Prices:  USD 1164.20, EUR 1021.54 and GBP 758.14 per ounce.
(LBMA AM)

24hGold - Gold’s “Bigger Quest...

Gold in USD – 1 Year

Gold was marginally higher yesterday and finished $5.10 higher, closing at $1162.40. Silver closed at $15.85, up $0.1 for the day.  Euro gold rose to €1023 per ounce, platinum gained $16 to $993 per ounce.

24hGold - Gold’s “Bigger Quest...

Download Essential Guide To Storing Gold In Singapore

Data and Statistics for these countries : Singapore | All
Gold and Silver Prices for these countries : Singapore | All
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Mark O'Byrne is executive and research director of www.GoldCore.com which he founded in 2003. GoldCore have become one of the leading gold brokers in the world and have over 4,000 clients in over 40 countries and with over $200 million in assets under management and storage.We offer mass affluent, HNW, UHNW and institutional investors including family offices, gold, silver, platinum and palladium bullion in London, Zurich, Singapore, Hong Kong, Dubai and Perth.
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"They will then go and blame someone else for it and then an easy target would be to blame it on people that own physical gold because they can argue, well these are the ones that do take money out of circulation and then the velocity of money goes down … we have to take it away from them.”

That has happened in 1933 in the US…"

What a crock of nonsense.
It was all about the need to debase the currency.
Nobody was blaming the family holding 5 each $20 gold coins, now did they?

If I spend currency to buy beer and consume it, in financial terms it is no different than spending the money on gold and burying it under the old oak tree.
The money has been put back into the system and I have contributed to the velocity of money.
No money has been removed from circulation.
The government has declared that gold is not money.
Using the same logic as Marc Faber, perhaps the government should take away beer.

This isn't 1933 and FDR is still dead.
Latest comment posted for this article
"They will then go and blame someone else for it and then an easy target would be to blame it on people that own physical gold because they can argue, well these are the ones that do take money out of circulation and then the velocity of money goes down  Read more
overtheedge - 10/13/2015 at 6:53 PM GMT
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