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.

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Dr. Marc Faber Tomorrow's Gold

Dr. Marc Faber author of the Gloom, Boom and Doom report is a world class Investor, Doctor Faber 's typically controversial and contrarian views have earned him the label of Dr. Doom. Doctor Doom also trades currencies and commodity futures like Gold Natural Gas and Crude Oil.Even his harshest critics must admit that he's been unerringly correct in his market forecasts over the past three decades . Marc Faber is a Swiss investor.He was born in Zurich, Switzerland. He went to school in Geneva and Zurich and finished high school with the Matura. He studied Economics at the University of Zurich and, at the age of 24, obtained a PhD in Economics magna cum laude. Between 1970 and 1978, Dr Faber worked for White Weld & Company Limited in New York, Zurich and Hong Kong. Since 1973, he has lived in Hong Kong. From 1978 to February 1990, he was the Managing Director of Drexel Burnham Lambert (HK) Ltd. In June 1990, he set up his own business, which acts as an investment advisor and fund manager. Faber is publisher of the Gloom Boom & Doom Report newsletter and is the director of Marc Faber Ltd which acts as an investment advisor and fund manager.