Given all the money printing that is going on globally - and not just in the US - and given that the total credit as a percent of the advanced economies is now 30% higher than in 2007 before the crisis hit, I think that gold is a good insurance.
Marc FaberWhen I look at asset prices; real estate, bonds, equities, vintage carsโฆ I think that gold is actually one of the few assets that is relatively cheap, relatively inexpensive.
Marc Faber