US money printing policy pushing up gold price: Marc Faber

LONDON, Apr 11 (Commodity Online): Despite the rising price of gold, investment bankers and commodities analysts are giving a thumps up for putting your money into the yellow metal. Marc Faber, who is a Swiss fund manager and publisher and editor of the famous Gloom Boom & Doom report said that gold has turned out to be the best and most attractive commodity investment asset world over thanks to the money-printing policies of the Federal Reserve of the United States. Saying that gold is not an asset bubble, Faber told CNBC: "If it were a bubble a lot of people would have gold. The whole world would be trading gold 24 hours a day. But I don't think it's really a bubble. I think gold is maybe cheaper today than it was in 1999, when it was $252." Faber said what makes gold such an attractive investment is due in part to the Fed's move to keep the US dollar cheap as a way to boost asset prices and stimulate a recovery.