Friday, February 13, 2015
Gold is having a Mixed Year
During times of turmoil, people tend to pile into to safe haven assets. And many people’s favorite safe haven asset always has been and always will be gold, which is having a mixed year. Global demand for gold has hit a four-year low. However, thanks to turmoil in the Eurozone, gold has bounced back more than 3% this year after falling 28% the previous two years. Erin weighs in.
Then, Erin sits down with Marc Faber – editor and publisher of the Gloom, Boom & Doom Report and director of Marc Faber Ltd. Marc tell us what he why he believes this is the year that people will lose confidence in central banks. He also gives his usual nod to buying physical gold outside of the United States. But he admits he likes the gold miners right now as a way to get exposure to the sector.
After the break, Erin talks to Jim Pearce – CIO of Baton Investing. Jim explains how technology and the Internet are affecting financial services and tells us where the biggest opportunities for a mass market offering in finance are. His firm, helps younger, mobile and Internet-centric investors wade through the investment minefield without being overwhelmed by too many choices. Baton focuses on algorithmic strategies to help less sophisticated investors with bottoms-up stockpicking, while not over-diversifying in a way that lowers return.
And in The Big Deal, Erin is joined by Edward Harrison and Bianca Facchinei to discuss some of this week’s viewer comments. Take a look!
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.
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.