Marc Faber Blames Media for Stifling Gold Investment (Video)

CNBC’s Futures Now had an interesting conversation with Marc Faber today. Though brief, Faber’s insights into the gold market were spot on. He urged investors to avoid overpriced equities and buy into physical gold while it is still cheap. On top of that, he blamed the financial media for hamstringing gold and scaring investors away from one of the best hard assets for wealth preservation.

“Investors should have some exposure to gold. I have an exposure of approximately 25%, and just recently when it dropped, I bought some more… I think that eventually the monetary policies of central banks will lead to a further loss of purchasing power in the value of paper money. We have everywhere colossal asset inflation. Nothing is particularly cheap… Gold is relatively cheap compared with equities at the present time.”

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