NEW YORK (Commodity news world): Marc Faber aka Dr Doom has given out a new warning to investors- a war between Israel and Iran is coming. Faber, a perennial bear, is the publisher of the famous Gloom, Boom and Doom report"Political risk was high six months ago and is higher now. I think sooner or later, the US or Israel will strike Iran - it's almost inevitable”, Faber said in an interview with Reuters while also adding that in the event of a war, “Bernanke will just print even more money -- they have no option...they haven't got the money to finance a war. You have to be in precious metals and equities... most wars and most social unrest haven't destroyed corporations - they usually survive”In an earlier interview with Bloomberg, Faber had stated that QE3 would depend on the S&P. “If the S&P drops 100-200 points, then yes, for sure we will have QE3”
A latest Barclays report had suggested that investors continue to accumulate gold on dips while also watching out for the $1800/oz level, as a breakout from this level could indicate bullish bias.
What's your WebStory today?
