Diversifying for a 40% Market Crash
Marc Faber, editor of the “Gloom, Doom & Boom Report,” has advised investors that now is a good time to invest in gold because stocks will crash over 40% and the world is on the verge of a new liquidity and debt crisis. Faber says investors would be prudent to diversify into safe haven in gold bullion which has risen 3% this year and is currently at $1,096 an ounce. He recently told MarketWatch that the stock-market downturn could result in stocks hitting lows not seen in five years. Faber warns that the S&P 500, which fell to 1,881 yesterday, could drop to its 2011 low … Continue reading →
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