Tuesday, January 8, 2013

Dr. Doom: Possible 10% Gold Correction

"Dr. Doom" Marc Faber told CNBC on Tuesday that he owns gold even though the precious metal may be heading south.

"I don't think [gold] will go up right away, and we maybe have a correction of 10 percent or so on the downside," the publisher of The Gloom Boom & Doom Report said in a "Squawk Box" interview. "But I see that governments will print money … so I want to have gold as an insurance policy."

Read all about it at http://www.cnbc.com/id/100361747

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