Rising tensions between Israel and Iran will provide a favorable backdrop for
gold and silver as safe haven asset classes, according to prominent market
pundit Marc Faber. In comments made to Reuters , Faber stated that Political
risk was high six months ago and is higher now. I think sooner or later, the
U.S. or Israel will strike Iran its almost inevitable. If war breaks out in the
Middle East or anywhere else, Faber continued Mr. Bernanke will just print even
more money. They have no (other) option, they havent got the money to finance a
war. Faber who correctly called the 1987 stock market crash and author of The
Gloom Boom & Doom report has also been one of the more noteworthy gold bulls
over the past decade. In order for investors to protect themselves from the
escalating risks of war, Faber contended that You have to be in precious metals
and equitiesmost wars and most social unrest havent destroyed corporations they
usually survive.
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