Marc Faber: This Is Why Everyone Needs to Own Gold and Silver

In a negative interest rate environment, zero-yielding gold and silver become a high-yield asset, according to perma-bear investor Marc Faber.

“Leave a million dollars with a bank, and in a year, you get only something like $990,000 back,” Marc Faber, publisher of The Gloom, Boom & Doom Report, told Bloomberg. “I would rather want to own some solid currency, in other words gold.” (Source: “Gold Bulls Feast as More Central Banks Drive Rates.

The post Marc Faber: This Is Why Everyone Needs to Own Gold and Silver appeared first on Profit Confidential.

First published here: http://www.profitconfidential.com/gold/marc-faber-this-is-why-everyone-needs-to-own-gold-and-silver/

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