RSS FeedRSS

Dr. Marc Faber is well known for his contrarian opinions and his non-traditional views as he is well known as a proponent of gold and silver investing in the current market.

March 12, 2012 – Dr. Marc Faber is well known for his contrarian opinions and his non-traditional views as he is well known as a proponent of gold and silver investing in the current market. Faber, despite being outspoken on a variety of issues including the Federal Reserve policy of Fed Chairman Ben Bernanke, has remained relatively quiet concerning one of the major influences and concerns of the past three years.

The escalating sabre rattling between Iran and the West began its current era of media- frenzy in the 2007-2008 timeframe. The prices of precious metals, coincidentally perhaps, have been making record profits in that same time period. Following a disputed election and possible failed internal revolution in 2009, the position between Iran and the West has been almost in a state of suspension.

Recently, reports from a number of increasingly higher ranking officials has put a more imminent tone of a conflict between Iran and the West, including Israel. Former President Jimmy Carter and Pat Buchanan joined the league of those speaking out against any such conflict in the previous weeks. So, Marc Faber is in good professional company when he announced on CNBC and his Blog on March 6 that either Israel or the US will strike Iran. Faber was not specific in the post about the timing, but was clear that the possibility was an imminent one and it is now only a question of when.

“You have to be in precious metals,” Faber said, consolidating further his position on gold and silver investing in the current economy. Precious metals, a favored safe- haven asset in the credit crisis and recent fiscal problems in the US, are one of the only predictable winners in a serious conflict between world powers that threaten currency and bond defaults. If “war breaks out in the Middle East or anywhere else, Mr. Bernanke will just print even more money.”

A continuation or acceleration of the money-printing programs in the US will definitively increase the price of precious metals in nominal terms. The scale to which these programs escalate, combined with a serious military or diplomatic conflict, provides an unprecedentedly unpredictable possible gain in precious metal markets. It is in the interest of the United States to avoid a conflict at all costs and then some, but precious metals will surely stand on top of the heap in the event of any conflict. “They have no other option,” Faber says. “They haven’t got the money to finance a war.”

Gold and silver investing is the most logical action to take now in this market to protect yourself and hedge against any possible conflict.

Shannon King

Senior Staff Writer – GoldSilver.org

GS social media share img

Get Your Complementary Award Winning Guides Below

 Publish Real Money Magazine

 Publish Gold Investment Magazine

 Publish IRA 401K Kit Magazine

 Real Money Magazine