Well known contrarian thinker and economist Dr. Marc Faber recommends that you add gold to your portfolio as economic instability continues:
I suggest that people accumulate gold. They shouldn’t market time the gold markets, because we’re going to have volatility and so forth.
If I look at the faces of Tim Geithner, of Ben Bernanke, of Mr. Obama, and Larry Summers that is sure that I will never sell any gold.
As long as these people are essentially structuring economic policies – fiscal and monetary policy and foreign policy – no thank you, I will keep my gold. I will not buy paper money.
Watch the Financial Times Interview with Marc Faber:
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