Thursday, September 26, 2013

Zero Interest Rates Mispriced All The Asset Markets

Marc Faber : "In the long run, we had a huge bull market in gold. 1999-2011, we peaked out at USD 1,921 per ounce; we went down to USD 1,180 per ounce. We are now above USD 1,300 per ounce. I think gold and especially gold equity is "relatively" inexpensive. You understand with zero interest rates you misprice all the asset. It is difficult to make a judge what is a cheap asset in absolute terms. Nothing is inexpensive in the asset markets anymore but gold and silver are relatively inexpensive. The S&P is relatively high."  - in a recent CNBC Interview , Click here to watch the full Interview>>>>>

Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.


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