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marc faber gold

Investing guru Marc Faber advises investors to switch off Ben Bernanke, ignore his government-sponsored “We will keep inflation in check” line — and be sure to buy gold to protect yourself.

“Government is there to do something for itself, not for people,” he observes.

Faber says the government will have no choice but to print money like crazy and soon.

He points out the huge existing debt and the financial crunch that’s coming by 2018 when more retiring Baby Boomers make demands on Social Security and Medicare,

Don’t buy bonds or keep your money in cash, Faber counsels: Put money instead into things that will hold their value, like gold, preferably stored outside the U.S.

“With a chairman like Mr. Bernanke, I would assume that cash will be worth zero,” he says.

“Gold … has been a relatively stable commodity, unlike oil, which (last year) went from $147 to $32 a barrel.”

“I repeat what I have said in the past,” Faber says.

“No decent citizen should trust the Federal Reserve for one second. It’s very important that everyone own some gold because the government will make the dollar useless.”

President Barack Obama said that when it comes to declaring the recession over, he’ll defer to Federal Reserve Chairman Ben Bernanke, The Wall Street Journal reports.

“I’ll leave that up to the Fed chairman to pronounce whether it’s officially over or not,” Obama told CNN.

Original article at Newsmax

This entry was posted on Friday, October 2nd, 2009 at 2:45 am and is filed under All Posts, Survival Tips. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

1 Comment

  1. March 13, 2011 @ 1:50 am


    If Beranke is a LIAR—–what the hell is Obama? A truth teller????? They all LIE with a poker face. Not one of them care about me or my children. I truly believe that if push came to shove they would just let us all die. In fact—-that may well be what the elite have in mind no matter what happens. Stay safe and be prepared to protect your family at any cost. Buy FOOD and hide it. Help wake up those who don’t see yet—-show them this web site.

    Posted by upayu

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