marc faber sees gold rising to even $3,000 per oun

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    [Source: Swiss media, Dec. 9]
    MARC FABER SEES GOLD RISING TO EVEN $3,000 PER OUNCE. At a recent investment seminar for a select audience at the Zurich Zunfthaus zur Saffran, a gloomy future was portrayed for the global financial markets by investment experts. A zero-sum game is dominating the scene.
    The present slump will last for a couple of more years at least, Credit Suisse CEO Oswald Gruebel said, and the fact that Warren Buffet is presently staying away from any activity on the markets, was seen as indicative. “Profits” can, for the time being, be made not on the markets, but rather (if at all) through saved expenses with lower transaction fees offered by one of the other bank for.
    The trend towards going into commodities will continue, and even intensify, however, and international investment expert Marc Faber would not rule out the price of gold shooting up to $3,000 an ounce sometime in the coming years. (rap).....Keeps the gold bulls happy......
 
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