Faber: Yes. Owning physical gold is for me personally an insurance against mischief, driving the governments. In the worst-case scenario ...
With state bankruptcies ... or hyperinflation ...
Governments ... will not say: Oh, we have made a mistake. You will not find culprit.
And that will be the wealthy?
I do not think that the individuals' assets remain untouched.
Gold as an insurance against crises, this is the one. What if I want to speculate?
As an investor, you can make more money with gold mining stocks. Were virtually destroyed the last price drop and are now favourable to have.
- Source, Marc Faber via Business Week: