naked capitalism Wed 2009-11-25 11:37 EST
Marc Faber: ``I don't think that you'll see gold below $1,000 per ounce probably ever''
...cash is now trash with zero interest rates. So holding cash means underperforming. Bonds present an unfavourable risk/reward. Therefore, commodities and precious metals look attractive. One must also have equities exposure. Interestingly, he makes a fairly explicit statement in favour of peak oil from about 1:40 in the second video below. The world is adding less in oil reserves than it consumes. That necessarily means a tighter supply/demand dynamic, especially given the demand in emerging economies for oil.
000; 1; Marc Faber; naked capitalism; ounce probably; see gold; Think.