Marc Faber : The Sky is the Limit for Gold Price

Marc Faber : I think we peaked out at about a year ago where the gold went to $1,921 and then corrected.

Currently it's above $1,700. I think in the near term, we could see some correction. I do not know how high the gold will go.

Whether it will go to $2,000 or $20,000 I do not know precisely. In the event of systemic failure, it can go higher and higher.

You will have to ask (Fed Chairman Ben) Bernanke and (European Central Bank chief Mario) Draghi precisely on how much money they will print. The sky is the limit.

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Silver is Still Cheaper than it was 32 Years ago

“Consider this: Silver is the only major commodity not to have reached a new all-time high in this bull market; silver is still cheaper than it was 32 years ago, prices are astonishingly depressed,” Peter Cooper wrote for Resource Investor. [Silver ETFs Not Shining in 2012]