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Golden Dreams & Delusions: The Story about Gold You Haven't Heard (PART 3)

As I previously discussed, I was very bullish on gold in the past. However, I never positioned it as an investment in the same manner as equities or bonds because there is no credible way to value gold other than by the market approach. And if you think the market approach is valid, keep in mind it’s similar to the approach used to value real estate.

Moreover, the higher gold rises in price, the riskier it becomes for new purchases because pricing over $1000 will not persist indefinitely. This is a fact. But Marc Faber has guaranteed that gold will never again decline below $1000. This should convince you that he is a complete clown.

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