Dr. Doom: US Government Can Take Away Your Gold
Marc Faber likes gold and is buying more. Not gold ETFs, but real, live gold he can hold in his hands and put under his pillow in Chiangmai, Thailand every night. There's one place he won't keep his gold, though: In the good ol' US of A.
"I bought gold at $1,400, I buy every month some gold, and I have an order to buy more at $1,300 because I want to keep an allocation towards gold – physical gold – and not stored in the United States at all times."
When asked why he wouldn't keep any of his gold holding in America if it's supposed to be one of the safest countries in the world for assets, Dr. Faber answered, "Safe country? I'm not so sure about that…"
For more on why Marc Faber doesn't think your gold is safe in the US under the current administration, watch the accompanying video.