"I go to many conferences every year. They usually ask the audience, even at resource conferences, how many have more than 5% of your portfolio in gold? I have been at a conference two days ago, among 500 people involved in real estate, not one had more than 5% of his assets in gold. I guess most of them did not have any gold at all, so if someone tells me it is a bubble, I can tell you in year 1999-2000, the whole world was gambling in NASDAQ stocks, in telecom stocks and the media companies everywhere in the world. Now most people that I know have actually sold their gold."
- Dr. Marc Faber (MAA) - from ET Now, June 24