Dr. Faber wrote the book ‘Tomorrow’s Gold’ earlier in this decade and has long been a holder of physical gold as a hedge against inflation and a meltdown in the global financial system. But he has previously not recommended buying exploration stocks, arguing that they could fall in price and that many companies could go out of business.

Given the huge slump in the values of gold exploration stocks over the summer he has, once again, been proven correct. However, the Swiss born investment guru is now preaching with all the enthusiasm of a convert to the cause.

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AGORACOM Investor Relations