Obama: Iran 'Will Pay a Price' for Assassination Plot

By LEE FERRAN | ABC News ? 16 hrs ago

President Barack Obama said today that Iran will "pay a price" through sanctions and international pressure for its recent hostile behavior including the alleged Iran-directed plot to assassinate the Saudi Arabian ambassador to the U.S. in Washington, D.C.

Echoing previous statements by top U.S. officials, Obama said that when dealing with Iran, "We don't take any options off the table," but did not make any mention of possible military action in favor of pushing harsh economic sanctions and corralling international condemnation of Iran's alleged action.

"We're going to continue... to mobilize the international community to make sure that Iran is further and further isolated and pays a price for this kind of behavior," Obama said.

Obama declined to comment on whether he believed the highest levels of the Iranian government were aware or involved in the alleged plot, but said even if the Iranian president or supreme leader did not have "detailed operational knowledge, there has to be accountability with respect to anybody in the Iranian government engaging in this kind of activity."

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Price to Buy off a TSA Agent? Less than $10.

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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.

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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

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