Gold Price Won’t Drop Below $1,000 an Ounce Again, Faber Says
“We will not see less than the $1,000 level again,” Faber said at a conference today in London. “Central banks are all the same. They are printers. Gold is maybe cheaper today than in 2001, given the interest rates. You have to own physical gold.”You'd be wise to believe him.
China will keep buying resources including gold, he said.