Gold prices will dip in the short term, falling to $800 an ounce from current values around $1,100, says investment guru Marc Faber, author of the Gloom, Boom & Doom Report.
The U.S. economy will require further stimulus packages, which will weaken the dollar, thus making government debt also a bad investment choice in the short term, Faber says.
Commodities such as oil and gold have been rallying on a weak dollar, but that will change as prices must correct, he says.
Gold has soared as high a $1,111 mark, but Faber says those prices will slip while the dollar is due for a rebound, at least in the short term. (more)
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