Wednesday, January 14, 2015
Gold will go up substantially in 2015
[T]he only way to short [central banks] is to go long gold, silver and platinum. ... That’s something I will do.’
“I’m positive [that] gold GCG5, -0.59% will go up substantially [in 2015] — say 30%,”
“We simply have highly inflated asset markets. Real estate is high, stocks are high, bonds are high, art prices are high, and interest rates and short-term deposits are basically zero,” Faber said. “The only sector that I think is very inexpensive is precious metals, and in particularly precious-metals stocks.”
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.
Posted by Nicole Bourbaki