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Marc Faber : I would hold physical gold with a country that has a culture with gold such as Australia. In a collapse, the gold price could fall 50 percent, but if everything else falls by 90 percent, then you are relatively well off. So I would hold some physical gold regardless of the economic outcome. - in CNBC Asia
Contrarian Investor Dr.Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.
2012-09-09 01:02:09
Source: http://faber-blog.blogspot.com/2012/09/holding-physical-gold-in-country-like.html