Investors should buy gold even if the price continues to dip, because the precious metal is merely in a correction phase of an upward trend, says investment guru Marc Faber.
Gold could fall to as low as $950 an ounce from current levels of around $1,089 an ounce, Faber says.
But prices will rise again as governments continue to print money to narrow deficits in moves that will ultimately pump up inflation rates, the building blocks of higher gold prices.
The present correction, Faber says, is due to a temporary surge in the dollar's value. (more)
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