Wednesday, November 18, 2009

Marc Faber: Gold is Cheaper Today Than in 2000

Marc Faber says gold is cheaper today than in 200 when it was trading at $300, because of inflation.

Interestingly, he says stocks are not that expensive when you compare them with zero interest rates. QE has flowed into the banks at Wall St, but has not flowed into households. The man on the street is suffering. The world is awash in dollars. The weaker the US economy is, the higher the stock markets, and the lower the dollar will go, because of new stimulus.

Stumble Upon Toolbar

No comments:

Financial TV

Blog Archive

// adding Google analytics