02 June, 2010

The Only Assets That Are Going To Keep Their Purchasing Power Are Precious Metals

“It’s a race in the purchasing power of paper money to the bottom, and the only assets that will, for sure, keep their purchasing power are precious metals.”

in Bloomberg

Related ETF`s: SPDR Gold Trust (ETF) (Public, NYSE:GLD) and iShares Silver Trust (ETF) (Public, NYSE:SLV)

Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.