Tuesday, March 6, 2012

"Dr Doom" sees Iran-Israel clash, says buy precious metals

By Sitaraman Shankar
DUBAI (Reuters) - Political risk in the Middle East has increased significantly with war between Iran and Israel almost inevitable, and precious metals and equities investments offer some safety, Swiss money manager and long-term bear Marc Faber said on Tuesday.   LINK...
Remember the USA put sanctions on Iran in November of 1979 and gold more than doubled from $400 to $850 in January 1980. With similar tensions building in Iran, could we see the same this time around? After such a violent drop in the metals recently we suggest this is a GREAT buying opportunity right now, for long-term investors! BK