Faber: "We have a bubble in everything, everywhere."

"Economic uncertainties trigger rush for 12.5kg gold bars, worth about £300,000 each.

The super-rich are looking to protect their wealth through buying record numbers of "Italian job" style gold bars, according to bullion experts."

[link to www.telegraph.co.uk]

When will paper gold disconnect from physical gold? That's the big question. The "official" price of gold is ridiculously low relative to the amount of physical gold actually out there.

When o when will the day of justice come?

While gold & silver is

being manipulated

to the downside!

This fucker says this shit every week and every week the market goes up.

Not saying he isn't right. We all know what's coming. When is the question.

The longer the bubble goes without bursting,
the worse it's going to be when it finally does.

He called the bottom back in march of 2009, now he is calling the top.

Better listen.

Because Zog is in everything, everywhere.

you guys know that metals and minerals are n t really valuable... we imbue it it with value... same with money... if in a survival scenario someone would like to trade his gold-bar for my loaf of bread i d laugh at him and walk away...

5 stars op.

Scary, but true.

He is wrong there has never been a guns and ammo bubble and there never will be..

Doom is this guys schitck.

There's a lot of people that think the entire convoluted gun control agenda was a way to create a Keynesian bubble inside the weapons industry. Specifically so that when they pop it it will collapse that industry. This would denote some Chinese influence to me,seeing as democrats are too incredibly stupid to devise such a plan on their own. This level of stealth and sophistication screams "central planning commitees" of the PLA.

Mark Faber lives and works in China most of the year btw.

for watching later

their stock market has been dropping...

He has called many tops and bottoms. Occasionally he is correct. Of course, making a call by flipping a coin is also occasionally correct as well.

Then he must be considered a freakin prophet here on GLP!

While Faber's arguments may be correct, he is not credible. Like Max Keiser, he's always calling a "collapse". Yes, the market fundamentals are completely unsound, but no one can accurately call when a train fueled by imagination will run out of steam.

Remember, this is the Hogwarts Economy, magic and pure fantasy!

That's just so overly simplistic.

What if you could use a gold bar to buy some land to grow wheat and produce your own bread?

Nothing's as black and white as your post makes it out to be.

As a giant robot, I have a lot of gold in me as part of my electronics.

I'll have to be extra careful when I go into standby mode while charging my power cells.

--

Seriously, the gold only seems to still be valuable whilst there is still a bit of civilization left. Once that goes, it will just be dead weight, right?

THIS

Rev 18:23

and the light of a lamp will not shine in you any longer; and the voice of the bridegroom and bride will not be heard in you any longer; for your merchants were the great men of the earth, because all the nations were deceived by your sorcery.

water is wet

Hollywood style Apocalypse wont happen. Its a continuation of this slow rotting as America falls apart. Ever notice that all the new buildings facades are Styrofoam covered in stucco? Its all fake and not meant to last at all.

Then you have no idea about the true value of gold and silver, you'll find out soon, its not that its shiny. If you want off this planet, better have some gold

For instance it should be noted just what family owns one of the most productive mercury mines in Spain. Hmmm diamonds and rubies and sapphires are only esteemed for making rings and crowns right? And then you discover lasers... You people who run around assuming these things are just clown sheep

I remember just after Obama got re-elected he was asked what he was asked "what do you do"?.... Faber said "he recommended that people buy guns and ammo". The TV hosts said, no... "What are you going to do"?.... Faber replied "Me? I'm going to buy a TANK"!

OMG you mean janet "the mogul" yellen is actually printing fiat money?????

um no... It sure can be as black and white as that.

Tell me why gold is a standard of wealth, and I will show you why commodities and resources pretty much trump everything else.

I can dig that analogy