Jan 7, 2010

Marc Faber: $1100/oz. gold is cheap

"Gold remains the best bet as a currency these days because of the fact that the yellow metal supply is extremely limited. Gold at the current price of $1110 per ounce is less expensive than when it was sold for less than $300 per ounce years back..."

~ Marc Faber, "Marc Faber: Gold Is Cheap at $1100 Per Ounce," LewRockwell.com, January 7, 2009

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