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Marc Faber: The US Can 'Artificially Depress' Prices And …

Gold prices continue to take a beating with futures at $1354 an ounce. Marc Faber, publisher of The Gloom, Boom and Doom report, told Talking Numbers that

Marc Faber: The US Can 'Artificially Depress' Prices And …

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The US Can Artificially Depress Prices

“Well, safe country? I’m not so sure about that under the present government. But in 1933, gold was taken away from Americans. The government paid them $25 and after, they revalued the gold to $35. So, basically what the government can do once again, and that is a possibility. They could artificially depress, manipulate the price down and then say ‘Gold is illegal to be held. We have to collect all the gold from the citizens.’ Say if they manipulated the price down to $1,000. They could collect it at $1,000 and then revalue to $10,000.”


- Source, Business Insider:

The US Can Artificially Depress Prices

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The Marc Faber Blog: Videos, Articles, and Summaries

The Marc Faber Video Blog features articles and videos from Marc Faber. A summary of each video is also provided. This page is updated with Marc Faber's investment advice and commentary on stock recommendations, the global financial markets, and the economy.