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Marc Faber: “Something Will Break Very Badly”

from Zero Hedge

During an interview with The Globe and Mail, ‘Gloom, Boom, and Doom’s Marc Faber unleashed some awful truthiness about gold “I buy gold every month”, real estate “bubble territory”, and the likelihood of a crash in smoke-and-mirrors-like asset markets.

Q: Is it a good time to buy gold?

Faber: Nobody knows whether it’s a good time to buy gold or not…as I have repeatedly said in my reports, I buy gold every month and on the recent decline I bought more at $1,400 and I have an order at $1,300 and one at $1,200 and one at $1,100 an ounce. But they were not filled, just the $1,400.

I will never sell my gold, as I repeatedly told people. …. My maximum allocation to gold at present time is 25 per cent of assets.”

Continue Reading at ZeroHedge.com…

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