A prominent economist is highlighting the value of dealer gold as a long-term investment option that could help protect people in the event of serious financial problems in the foreseeable future.
A report in the United Kingdom's Times newspaper, Marc Faber, who is credited with predicting the 1987 stock market crash a week before it happened, advised an audience in Tokyo recently that investments in things like gold and farmland will help protect against the chaos that things like future terrorist incidents and market meltdowns could bring.
The newspaper said that Faber also advised investors to consider the likelihood of future shortages of food and water in some regions of Asia, and to also weigh the possibility of an eventual military conflict between the United States and China. Also, Faber's belief that the United States will eventually go bankrupt because of its growing debt was also cited.
Even if such difficulties never do present themselves, gold prices have enjoyed remarkable strength in recent years, making that and other precious metals an attractive investment even if and when the economy regains momentum.
With these things in mind, consulting with a silver and gold dealer could be a wise long-term investment option.
