Economist Marc Faber, publisher of The Gloom, Boom and Doom report, said the government will seize privately held gold but that doesn't stop him from buying gold. He prefers owning physical gold among all commodities. He advices Americans to store it outside the USA. He expects gold price to rise expotentially. Even though Mr Faber is staying out of commodities because he is worried that China will collapse, he buys physical gold every month.
Marc Faber is a great contrarian investor and publisher of the Gloom Boom & Doom Report. He is well known for his accurace predictions of stock market crashes and other correct calls on different investment assets.