Marc Faber : I own Gold. It's my biggest position in my life. The possibility of the Gold Price going down doesn't disturb me

Marc Faber : I have argued for the last 12 years that investors should buy a little bit of physical gold every month and put it aside without concerns about corrections. If you don't own any gold, I would start buying some right away, keeping in mind that it could go down.

For the last 40 years in my business I've seen people always lose money when they put too much money into something and then it goes down. They panic and sell, or they have a margin call to sell—and lose money. I own gold. It's my biggest position in my life. The possibility of the gold price going down doesn't disturb me. Every bull market has corrections.

Gold will probably peak next year because of improving U.S. growth

....Gold will probably peak next year because of improving U.S. growth, even as the Fed expands stimulus, Goldman Sachs Group Inc. said in a Dec. 5 report. It still expects an average of $1,750 in 2014. The drop of as much as 8.9 percent since Oct. 5 pushed gold below its 200-day moving average last week for the first time since August. Prices slid almost 10 percent in seven weeks after falling below the measure in March. The 14-day relative-strength index (MXWD) was at 31.8 yesterday, near the level of 30 that indicates to some analysts who study such charts that a gain in prices may be imminent.- via Bloomberg

Jim Rogers: Gold has had only one decline over 30 percent in those 12 years. That, too, is extremely unusual

Jim Rogers: I own gold and I own silver. I own all the precious metals, especially gold and silver. I'm not sure I would buy right now. Gold has gone up 12 years in a row, which is extremely unusual for any asset, at least in my experience. I don't know any asset that's gone up 12 years without a down year except gold. Gold has had only one decline over 30 percent in those 12 years. That, too, is extremely unusual. Plus, if you look at the open interest from the CFTC, the speculators have been piling into gold. The number of call options is more than twice the put options. All the signs are that there's too much speculation in gold right now. I'm not selling, by any stretch. I own it. If it goes down, I'll buy more. If America bombs Iran, I'll probably buy more going up. But I own it and, over the longer term, gold is going to go much higher because the world is doing nothing but printing money. And when the world economies get bad again, they're going to print even more money. But I'm not buying now.