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Silver Dollar Values Prices Shooting Up, Faber: Gold Price In For A 10% Correction - Gold Prices

Regardless of what the Fed throws at us next, my recommendation would be to buy gold and silver in the dips in prices that occur regularly. This will even out your cost basis and keep your investment in precious metals profitable. Read on...

 
PRLog - Jan. 10, 2013 - NEW YORK -- Recently, Marc Faber released his January issue of Market Commentary, maintaining the spotlight on gold all through his message. Based on 'Dr. Doom,' a gold correction of as much as 10% - on the downside - wouldn't surprise him as precious metals have slipped to the cheapest level since August 2012. The decline occurred nearly instantly following the launching of the minutes from the Federal Open Market Committee (FOMC) in December 2012. How High Will Silver Go? Learn More Kitco Silver >> http://www.silverdollar.cc

However, Faber nonetheless thinks gold will ultimately inch back up as more investors seek gold as “an insurance policy” when cash becomes all but worthless due to more dangerous quantitative easing measures.

Given the unparalleled nature of the Fed's current policy approach, it's definitely not unusual that there will probably be some division in the timeframe related to its methods. With no historical basis or precedence with which to frame their policy choices, the Fed's Board of Governors will undoubtedly question, second-guess, and eventually argue over the "right" plan of action as they navigate a quagmire of their very own style. Gold Coins, Silver Coins, Rare Coins  Learn More >> http://www.silverdollar.cc/GOLD-COINS/

Because the FOMC struggles to meet half way on policy choices, Faber says he'd rather be in dollars in contrast to the euro. Nonetheless, he is not too optimistic concerning the remainder of 2013 and he predicts that the stock marketplace will undergo"degeneration in the technicals of the U.S. marketplace."

Others really think the U.S. economy has gotten stronger as well as attribute Friday's five-year marketplace high rally to the strengthening economy, not the Fed at all. Faber says if he had to inform investors which stocks to personal, he'd suggest Vietnam, China, and Japan. Dr. Doom told reporters, "I'm not liquidating every thing, but I have a lot of cash money."

And even though the precious gold metal might be heading down south for a while, Faber's holding on to his to hedge regardless of what the Fed throws at us next. My recommendation would be to buy gold and silver in the dips in prices that occur regularly. This will even out your cost basis and keep your investment in precious metals profitable. How High Will Silver Go? Learn More Kitco Silver >> http://silverdollar.cc

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