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Message: FABER today; gold not so great

FABER today; gold not so great

posted on Oct 13, 2008 03:26AM

Good morning,

Faber seems to suggest that as people move back into the market, money will be taken from gold, which will therefore not do so well.

This is where I have trouble getting a clear picture: Puplava, Barbera, and many others keep talking about the effects we will see when all this monetary inflation kicks in, but Faber seems to feel the system is on life support and, at best, will move back up very slowly over a long period.

What I am hoping is, even if it takes a long time for the stock market to have a gradual move up, a move down in the u.s. dollar and a loss of confidence in all things paper will push enough people towards the gold market that the latter will finally move up. Aiding in this scenario would be impressive profits that major gold producers should be posting soon.

All the best,

stone

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