Given the negative sentiment, Marc Faber likes investing in gold. Why? Because it is a buy RELATIVE TO other assets. Investors should not look at it necessarily in absolute terms, but in comparison to paintings, collectibles, the Dow Jones, S&P 500, the Russell 2000, ea.
He adds to it that the S&P 500 was trading at 1554 in March 2000 which is only 10% higher today. Gold has been an excellent investment because it is 5 times higher right now. The investment has worked on a long term basis, not for investors who joined the hype in 2011
