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Dr. Marc Faber, aside from knowing exactly where the price of gold coins will be, is a very interesting guy.

December 9, 2011 – Dr. Marc Faber, aside from knowing exactly where the price of gold coins will be, is a very interesting guy. He’s one of those renegade economists who won’t get caught by the rules of the pack. Thus, his record is really pretty impressive. Faber called the tech bubble in 2000 and the credit crunch in 2008 as well as lesser fundamentals such as the September 2011 correction in gold. He is now, and has been for some time, recommending gold and gold coins as the best investment out there.

It’s always entertaining to listen to what he has to say, given he holds a PhD in economics. Lately, there’s been a lot of talk about an interview Dr. Faber did for Bloomberg TV in which he was asked about the outlook for the Euro while the summit in Brussels met and the ECB announced it was lowering rates. Faber replied, “I have a very special stock tip for you. The symbol is g-o-l-d. That is what I prefer to hold. Both the euro and the dollar are long-term undesirable currencies, especially given zero interest rates in the US.”

Given that the ECB just slashed its key interest rate by a quarter of a percentage point and made it practically free for European banks to get loans, Dr. Faber’s insight about the price of gold and its relationship to the interest rates of central banks is pretty timely.

While no one can truly say yet what the effect of the decision made by the ECB will have on the European sovereign debt crisis, we know that past interventions, bailouts, and policies have been limited in their effectiveness at stemming the tide of the debt crisis. In addition, any policy has failed to address what are acknowledged to be the root issues of the debt crisis. This has allowed the problem to fester.

Economists like Marc Faber, as funny as he is in his interview appearance, take this situation deadly serious and protect themselves with gold. International investors, like Faber, are not exposed to the European risk. In fact, some stand to benefit quite handsomely. Gold coins are an effective and easy way of owning gold for average Americans. They are a great store of wealth, they require little space, and gold coins are a perfect way to physically hold your worth in the palm of your hand. Whatever happens in Europe and whatever effect it has on American markets need not bother you if you listen to Dr. Faber’s stock tip and buy gold coins.

Kevin Johnson

Senior Staff Writer – GoldCoin.net

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