Marc Faber: “Gold is oversold, may be time to buy”

September 26, 2011 by · Leave a Comment
Filed under: Videos 

Marc Faber’s gold comment was just a small part of the interview but relevant with this current sell-off in the precious metal.  Also, he speaks about entitlements in the United States.  This is really the elephant in the room that no one will acknowledge is the main cause of future uncertainty in our economy.  We need to meaningfully and aggressive tackle this issue and get a compromise that creates some sort of cut-off under the existing obligations but also fulfills that same obligation to people who are too far in life to have the ability to create and alternative plan for retirement and healthcare.

This is the only way.  If we continue on this track, we will continue to dedicate more and more resources to propping this broken system up and we will not have the options we need to tackle other issues that are pressing like energy security and education.

Video (CNBC):