$6,000 GOLD??

Faber says gold price may reach $US6000 - Business - Business - smh.com.au: "Faber says gold price may reach $US6000
By Mike Firn and James Poole in Tokyo
April 26, 2006


MARC FABER, who told investors to bail out of US stocks a week before the 1987 Black Monday crash and began recommending commodities at the end of 2001, said gold might rise tenfold in the next 10 years.

'If the Dow Jones [index] goes up three times in the next 10 years, I think gold prices will go up by a minimum 10 times to something like $US6000 an ounce,' said Faber, 60, who founded Hong Kong-based Marc Faber Ltd and manages about $US200 million ($268.3 million).

The author of the newsletter The Gloom, Boom & Doom Report said gold wasn't expensive when 'you compare its price to the quantity of money that has been printed in the last 10 to 15 years in the US and the world in general'."
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