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Global Gloom, Boom & Doom

Tuesday, 23 Aug 2011 | 8:04 AM ET

People should buy gold today because there is a huge run in precious metals recently and I think they need to consolidate and shake out the weak holders, Marc Faber, Gloom, Boom, and Doom Report, who adds that everyone should hold some gold because it is a form of cash. He also weighs in on emerging economies, saying the individual household is not highly leveraged as most in the western world are.