Marc Faber's Warning Shocks cnbc Anchors: 'Don’t Store Your Gold In The United States!' (video)Submitted by Bob-45 on Mon, 09/12/2011 - 06:36
Last week on CNBC the following classic exchange occured:
Faber: "I prefer if investors hold physical gold in a safe deposit box, ideally outside the US, in various locations - Switzerland, Singapore, Hong Kong, Australia, Canada. I think it’s important in today’s very uncertain world to diversify, not only the various asset classes, but also the custody of your assets should be in different jurisdictions."
CNBC: "Uh, so do you thus not trust US banks or US custodians? Do you think they might fail or abscond with the gold?"