Gold Is Relatively Effective As A Currency

I am also warming to gold shares. Gold corrected to $1,522 last December from $1,921 in September. It rebounded to $1,795 in February and is back down around $1,600. The correction could last longer, but given that governments will print more money, gold is relatively effective as a currency.

My preference is physical gold, but I would also own some gold shares, which have been decimated. - in Business Insider

Related stocks and ETFs: SPDR Gold Trust ETF (GLD), Newmont Mining (NEM), Goldcorp (GG), Barrick Gold (ABX)



Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.