Marc Faber News Blog Investments and Trading Ideas - A Tracking Blog About Dr. Gloom Boom & Doom Marc Faber , Daily Tracking of Dr. Marc Faber Investment Strategy , Market analysis , Outlook & Media appearances
Sunday, February 2, 2014
Marc Faber : Eric Sprott, is a smart guy who made a lot of Money
Marc Faber : I have no faith in paper money,
period. Next, insider buying is also high in gold shares. Gold has
massively underperformed relative to the S&P 500 and the Russell
2000. Maybe the price will go down some from here, but individual
investors and my fellow panelists and Barron's editors ought to
own some gold. About 20% of my net worth is in gold. I don't even value
it in my portfolio. What goes down, I don't value.
[Laughter all around.] I am a director of Sprott
[SII.Canada]. Eric Sprott, the founder, is a smart guy who made a lot
of money for himself, his funds, and charities. He sold a lot of his
company's shares because he sees better value in small mining companies.
If the gold price goes up 30%, Sprott's shares might double, but mining
stocks could go up four times. We are already starting to see a move up
in the stocks. - in 2014 Barron's Roundtable
Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.Dr. Doom also trades currencies and commodity futures like Gold and Oil.