FABER TO MARIA: “YOU DON’T OWN GOLD AND YOU ARE IN GREAT DANGER”
JANUARY 31, 2013
CNBC financial journalist Maria Baritromo interviewed Marc Faber, a contrarian Swiss investor and publisher of the Gloom Boom and Doom Report.
“You said a minute ago that markets go up and down, doesn’t gold go up and down too?” said Baritromo. “Yes it does go up and down but I am fearful of a systemic crisis, wars and so on and it is because I am fearful that I own gold,” said Faber.
Faber then asked Baritromo if she owned any gold. Her response was that I own earrings and jewellery. Faber relied, “Sorry to say you are in great danger because you don’t own any gold…but you have a golden personality!”