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What was that again?
“I’m not sure that Gold will not make a new high this year, but I think we’ve bottomed out and some gold mining shares have become very very inexpensive compared to the reserves they have.
And i think that in the current environment where it is clear that the worse the economy becomes the more the money printers will be at work, that to own a currency whose supply can not be increased at the will of some clowns that occupy the central banks is a desirable investment.” said Marc Faber
(Hattip Moneycontrol)
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Linkfest:June 08, 2012
Some stuff I am reading today morning:
China cuts interest rates (WSJ)
Reliance may find it difficult to keep promises (ET)
Direct tax collections rise in May (BS)
Sundaram Clayton not so Sundar (NeerajMarathe)
Three investment ideas to avoid or sell short (DailyReckoning)
Fed spoils the party (Moneygame)
What Bank CEOs create most and least value (BigPicture)