Wednesday, February 18, 2015
Asian Powers could create a Gold Based Currency to Compete with The USD
Marc Faber is Bullish Gold Miners. You can play them through Market Vectors Gold Miners ETF (NYSEARCA:GDX). Mr. Doom, Boom and Gloom Marc Faber joined the video which you can watch below, at the 3:30 minute to share his view how 2015 could the year when worldwide investors, traders and normal people lose a total faith in central bankers. This could force investors to reevaluate their views on the gold price. It seems central banks already did this because they were big net buyers in 2014. Not just this but the conflict between USA and Russia-China could force the east super-powers to create a gold-backed currency or something else to compete with the USD.
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