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Marc Faber: We have a new gold standard

Posted By Prieur du Plessis On March 19, 2010 @ 12:31 pm In Investment,Markets,Money | No Comments


The markets have created their own gold standard because of uncertainties regarding other asset classes, Marc Faber, author of The Gloom, Boom and Doom Report [1], told CNBC on Thursday.

“I think we already now have a gold standard … created by the market place. We have the exchange traded funds that have proliferated and we have more and more physical buying of gold,” he said.

Source: CNBC [2], March 18, 2010.

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More on this topic (What's this?) [4]
Why I’m Taking Gold Double-Eagles on My Next Trip to Utah [5] (Money Morning, 2/14/12)
Scary: Why China is Buying Gold Like Mad [6] (Learn Mining News, 1/30/12)
Physical Gold Demand [7] (Learn Mining News, 2/19/12)
Read more on Marc Faber [8], New Gold [9], Gold [10] at Wikinvest [11]

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URL to article: http://www.investmentpostcards.com/2010/03/19/marc-faber-we-have-a-new-gold-standard/

URLs in this post:

[1] The Gloom, Boom and Doom Report: http://www.gloomboomdoom.com/public/pSTD.cfm?pageSPS_ID=1000

[2] CNBC: http://www.cnbc.com/id/15840232?video=1444079245&play=1

[3] Did you enjoy this post? If so, click here to subscribe to updates to Investment Postcards from Cape Town by e-mail.: http://www.feedburner.com/fb/a/emailverifySubmit?feedId=921608&loc=en_US

[4] (What's this?): http://www.wikinvest.com/blogger/wikinvest_wire

[5] Why I’m Taking Gold Double-Eagles on My Next Trip to Utah: https://moneymorning.com/2012/02/14/why-im-taking-gold-double-eagles-on-my-next-trip-to-utah

[6] Scary: Why China is Buying Gold Like Mad: http://livegoldprices.com/why-china-is-buying-gold

[7] Physical Gold Demand: http://livegoldprices.com/physical-gold-demand

[8] Marc Faber: http://www.wikinvest.com/wiki/Marc_Faber

[9] New Gold: http://www.wikinvest.com/stock/New_Gold_(BER:32N)

[10] Gold: http://www.wikinvest.com/commodity/Gold

[11] Wikinvest: http://www.wikinvest.com

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