“Sometimes I’m so concerned about the world I want to jump out of the window.” said Faber at a seminar in Helsinki hosted at the Finnish National Opera by Evli Bank Oyj yesterday “In the worst case scenario, in the systemic failure that I expect, it would still have some value,” Faber told an audience in Finland yesterday. “in the worst case scenario, in the systemic failure that I expect, [gold] would still have some value,” “I’m prepared to make a bet,” said Faber responding to Robert Shiller “You keep your US Dollars and I’ll keep my gold. We’ll see which one goes to zero first.”

Marc Faber : In the Systemic Failure that I expect Gold would still have some value

Marc Faber :If you can’t take a 20 percent decline, don’t get out of your bed in the morning

Marc Faber : In the Systemic Failure that I expect Gold would still have some value

Everyone should keep gold in their portfolios as the precious metal will be able to offer value to investors even in a worst-case scenario, said Marc Faber at an event hosted by Evli Bank Oyj in Helsinki Finland . “In the worst case scenario, in the systemic failure that I expect, it would still have some value,” When “the system goes down,” and only plastic credit cards are left, “maybe then people will realize and go back to some gold-based system or such,” he said

Marc Faber : When The System goes down , maybe then people will realize and go back to some Gold-based system or such

“In the worst case scenario, in the systemic failure that I expect, it (Gold) would still have some value,” Marc Faber, who is also the founder and managing director of Marc Faber Ltd., said at an event hosted by Evli Bank Oyj in Helsinki. When “the system goes down,” and only plastic credit cards are left, “maybe then people will realize and go back to some gold-based system or such,” he said. – in Bloomberg

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Dr. Marc Faber author of the Gloom, Boom and Doom report is a world class Investor, Doctor Faber ‘s typically controversial and contrarian views have earned him the label of Dr. Doom. Doctor Doom also trades currencies and commodity futures like GoldNatural Gas and Crude Oil.Even his harshest critics must admit that he’s been unerringly correct in hismarket forecasts over the past three decades. Dr Marc Faber was born in Zurich, Switzerland. He went to school in Geneva and Zurich and finished high school with the Matura. He studied Economics at the University of Zurich and, at the age of 24, obtained a PhD in Economics magna cum laude. Between 1970 and 1978, Dr Faber worked for White Weld & Company Limited in New York, Zurich and Hong Kong. Since 1973, he has lived in Hong Kong. From 1978 to February 1990, he was the Managing Director of Drexel Burnham Lambert (HK) Ltd. In June 1990, he set up his own business, which acts as an investment advisor and fund manager.