Hold on to Your Gold – Over the past few years many well-know investors have been warning about a global financial collapse. Now the politicians are trying to tell us all to be prepared for bad times.
People are scrambling to buy gold and silver coins as a hedge against the collapse of the dollar – and most currencies around the world.
Anyway, Marc Faber, the investment advisor known for his doom and gloom financial forecasts said on Bloomberg that he believes we will have a systemic crisis and everything will collapse. Then he said something startling on Bloomberg the other day.
Although he is still bearish on gold he advised not to store it in the U.S. because the government would probably confiscate it – just as FDR did in 1933.
Watch the interview: