No ‘bubble’ for gold as central banks boost money supply

GOLD’S rally above $1,900 (€1,358) an ounce shows no signs of a “bubble” as central banks continue to boost money supply that has helped spur bullion to a record, according to investor Marc Faber.

“I don’t think that gold is in a bubble,” Faber, publisher of the Gloom, Boom and Doom report, said in a phone interview from Chiang Mai, Thailand.

“When you buy gold, it’s an insurance against systematic failure and problems in the financial markets.”