Comments on: Marc Faber: I advise every American to hold his gold outside of the United States

By: Todd "buying gold" Casey

Todd "buying gold" Casey — Thu, 09 Jul 2009 16:46:22 +0000

My feeling is that, even just on the basis of industrial and retail demand in addition to the steady but low investor interest, the price of gold will trend up over the mid and long terms. Gold's price volatility, being not just a little based on market psychology, offers windows of opportunity for here and there grabbing deals on physical gold in the form of gold coins and bullion.
If confiscation were to start I expect there might be a pretty good opportunity for profit taking.

By: Justin L

Justin L — Fri, 03 Apr 2009 15:14:45 +0000

gold was seized as part of an effort to eliminate tangible value systems, making the central bank’s arbitrary decisions the entire basis of the new value structure

fictional value under the control of the federal reserve means that a select group of powerful people can arbitrarily modify the market

it’s easy to buy low and sell high when you decide when it will be low and when it will be high

it’s a system of organized robbery where the rest of us randomly lose money when the market is artificially devalued, and then the robbers invest, restore value, sell, and have taken personal spending power that can be used to seize our assets

the pretense that they’re stabilizing the economy by setting it up for random, artificial changes is laughable

nothing was more stable than value based on gold, that was the problem

By: yourattorney (Your attorney)

yourattorney (Your attorney) — Fri, 16 Jan 2009 06:16:41 +0000

As your attorney, I advise every American to hold his gold outside of the United States http://tinyurl.com/68qmpg

By: edwardnh (Edward Harrison)

edwardnh (Edward Harrison) — Tue, 13 Jan 2009 10:16:48 +0000

Marc Faber: I advise every American to hold his gold outside of the United States http://tinyurl.com/68qmpg

By: Roman’s Website » Blog Archive » When the United States CONFISCATED AMERICAN'S GOLD

Tue, 16 Dec 2008 18:29:30 +0000

[...] See Also: -Executive Order 6102, full text -Wikipedia: Executive Order 6102 -Marc Faber advises Americans to hold gold outside the U.S. [...]

By: GOLD - Page 3

GOLD - Page 3 — Fri, 12 Dec 2008 12:33:50 +0000

[...] A further item of interest for gold: World mine production 2000: 2573 mt World mine production 2005: 2518 mt World mine production 2006: 2469 mt World mine production 2007: 2444 mt Will be interesting to see what the final 2008 production figure is – perhaps ‘peak gold’ is going to become more of an issue in the new year. Source:GOLDSHEET – HISTORICAL WORLD GOLD PRODUCTION Just make sure your gold is not stored in the USA! Marc Faber: I advise every American to hold his gold outside of the United States | Credit Writedown… [...]

By: newsfun (newsfun)

newsfun (newsfun) — Fri, 05 Dec 2008 20:16:03 +0000

Global economy to implode in February-March. Be sure to check out the end of the video. http://tinyurl.com/68qmpg

By: Edward Harrison

Edward Harrison — Sat, 29 Nov 2008 00:08:15 +0000

Ryan, you may end up being right about deflation. It’s not a done deal yet that we are going to get massive inflation. I have come down on the side of both asset and consumer price deflation for quite a while now. But, the arguments for holding gold and worrying about inflation are still valid and I do think that gold is a good hedge against that eventuality. Faber makes a very good argument for why inflation may be the endgame here and I wouldn’t dismiss him out of hand.

However, so far, the deflation scenario is the one that seems to be taking hold – lower commodity prices, lower asset prices, and eventually lower consumer prices. As debt levels are high, this is the scenario to fear.

By: ryan

ryan — Fri, 28 Nov 2008 21:06:05 +0000

I’ll tell you what I get his newsletter and he’s dead wrong, he’s more interesting in being a whore master than telling it like it is. I advise american’s to SELL ALL THEIR GOLD, forget about holding it. Gold is going to 100 per ounce. This is not inflationary, it’s deflationary. The US will not print, they will borrow as they have been and when the borrowing begins to weigh down on the system they will Nationalize the banking system, then the pension system. Wake up people, why would the government print dollars, to hurt their credit rating if they can take dollars from you? Are you that gullible?