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Why should you have a big position in gold?
*Barron's, by Lauren R. Rublin with Marc Faber and Fred Hickey, January 14, 2009
“Faber: Equity prices have increased in dollar terms, but in euros the S&P 500 is down about 45% from its peak in 2000 and the Nasdaq is down 60%. Measured in gold, the markets have done horribly and the economy has been in a recession for a long time.”
“Hickey: The only way we might avoid a bear market is if the Fed keeps printing money. That’s why you ought to have a big position in gold, which should do even better this year.”
*This information is solely a highlight of the opinion of a third-party publication and is incomplete. Please subscribe to this publication for the full and timely opinion of the author and call a Monex Account Representative for any additional up-to-date information. This is not an offer to buy or sell precious metals. Investors should obtain advice based on their own individual circumstances and understand the risk before making any investment decision.