Marc ‘Dr. Doom’ Faber Doesn’t Think $1,500 an Ounce Means There’s a Gold Bubble

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"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." —Marc Faber, the contrarian author of Gloom Boom & Doom, redefines the word bubble as fears of inflation drive gold prices up to an all-time high. [CNBC]