Thursday, March 20, 2014

Marc Faber: When China Implodes, This Might Be Bullish For Gold

Marc Faber, Editor & Publisher of The While lowering Gloom, Boom & Doom Report, explains why his forecast of a 4 percent growth rate for China may not be a bad thing.

 Marc Faber expects Chinese GDP growth to slow 50% from 8% to 4%. You would think that when the yuan drops, Chinese can't buy that much gold anymore, but Marc Faber has another view on this. The yuan could drop and as a result Chinese gold demand could actually go up due to people protecting themselves from inflation (and defaults) in China.

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.

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