Why should you have a big position in gold?
“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."