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Marc Faber Prefers Gold Over Oil

By on June 28, 2008

Marketwatch recently reported that Marc Faber believes gold to have more favorable characteristics for investment than oil. Faber is quoted as stating that gold is “very, very cheap” compared with oil now and that the oil-to-gold ratio is at its highest level ever. However, Faber also mentioned that if the U. S. attacked Iran, “you could have $300 oil.”

Link: http://www.marketwatch.com/news/story/contrarian-investor-prefers-gold-over/story.aspx?guid=%7B1618AD30-1345-4C40-AA26-1F5C6DC92697%7D&dist=msr_1

Side note: Ameritrade, for some unfathomable reason, disapproved my margin account request so I will be looking for another broker.

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