Marc Faber: Gold is "Dirt Cheap" -- Price Could Reach $10,000 per Ounce

Eleven years into a gold bull market, Marc Faber publisher of the Gloom Boom and Doom report still doesn't think gold is in a bubble. Joining us via Skype from Chiang Mai, Thailand Thursday, Faber told the Daily Ticker's Aaron Task there are fundamental reasons why gold, already nearly 30% higher for they year, will continue to gain value.

Faber admits the price of the precious metal may remain volatile; after hitting a new high of $1923.70 on Tuesday, gold has fallen about $100 per ounce.

But in the long-term "gold will be very well supported" because of global demographics and the continued debasement of fiat currencies, including the U.S. dollar. Compare gold prices to the amount of wealth created in the emerging markets over the last decade and the increase in the monetary base around the world, the price of gold is "relatively low," says Faber. Compare it to the quality of politicians and at $1,800 per ounce gold is "dirt cheap," he half jokes. He won't put a price target on the metal but he does say, "according to some statistics the gold price today should be worth between $6,000 per ounce and $10,000 per ounce." If that's true, then "dirt cheap" might be the right phrase.

Read More

Latest Economy
- How the Government Can Create Jobs
- The True "Spread the Wealth Philosophy"
- More of the Same
- Marc Faber's September Outlook: The Calm Before the Storm
- Why Do Republicans Want to Raise Taxes?
- News Flash: U.S.P.S. is broke
- Labor Union Becomes Laughing Stock
- 70% of U.S. bonds mature in five years

gold is the same buying power as it always had. it is just the purchasing power of the dollar that has gone down

don't buy into the BS that gold is going up, its only an illusion

This site contains copyrighted material the use of which in some cases has not been specifically authorized by the copyright owner. Such material is made available for the purposes of news reporting, education, research, comment, and criticism, which constitutes a 'fair use' of such copyrighted material in accordance with Title 17 U.S.C. Section 107. If you wish to use copyrighted material from this site for purposes of your own that go beyond 'fair use', you must obtain permission from the copyright owner. It is our policy to respond to notices of alleged infringement that comply with the Digital Millennium Copyright Act (found at the U.S. Copyright Office) and other applicable intellectual property laws. It is our policy to remove material from public view that we believe in good faith to be copyrighted material that has been illegally copied and distributed by any of our members or users.
About Us - Disclaimer - Privacy Policy
"Men occasionally stumble over the truth, but most of them pick themselves up and hurry off as if nothing ever happened..." - Winston Churchill

View the original article here

Tax Turns Cheap UK Fuel Into Europe’s Most Costly

Express

PROOF of the Government’s petrol rip-off was revealed yesterday by figures showing that we have some of the cheapest fuel in Europe – until the tax is added.

An EU website comparing fuel prices across the continent showed that before tax unleaded petrol in Britain costs about 54.7p per litre. This is far cheaper than petrol anywhere in the EU apart from Germany, Austria, Bulgaria and Estonia.

But once tax is added Britain’s petrol costs on average 136p per litre – among the most expensive. Diesel is cheaper than Britain’s 58.6p per litre before tax in only Slovenia, Bulgaria and Estonia. But after tax, the UK average price of 139p per litre is the most expensive in the EU.

This is despite Chancellor George Osborne’s decision in the March Budget to cut fuel duty by 1p per litre and to delay two planned inflationary rises until January and next summer. RAC strategist Adrian Tink said: “Is it any wonder that Britain’s motorists continue to believe they’re nothing but a cash cow?

“The 1p tax cut was a step in the right direction. But when you compare the level of tax we pay at the pump to other EU countries it’s clear it was quite a small one.” Motorists currently pay about £45billion a year in taxes including £26billion in fuel duty. Peter Carroll of FairFuelUk.com said the Government should be cutting the fuel tax.

He said: “The level of tax borders on the criminal. We should be moving towards reducing fuel taxes. We should get rid of all future rises.” The Treasury said Mr Osborne had moved to help motorists at his last Budget.

A spokesman said: “Petrol taxes would be 6p higher if it wasn’t for the Budget in which he scrapped the planned tax increases, paid for by the fair fuel escalator on North Sea oil companies.”

http://www.express.co.uk/posts/view/253834/Tax-turns-our-cheap-petrol-into-most-costly-in-Europe

Filed under Big Brother State, Human Rights, Latest Headlines, Lifestyle, Mind Control, New World Order, Open Our Eyes, Political · Tagged with break free, freedom, human rights, lifestyle, mind control, money, new world order, political, Tax Turns Cheap UK Fuel Into Europe's Most Costly, the journey, world elite

View the original article here