Saturday, February 7, 2015
Marc Faber been long Gold since the mid 1990s
“A lot of markets are not terribly expensive but [they] are not bargains,” he said.
Ultimately Marc Faber sees the global economy continuing to slow down. “In general, if you look at global exports they are flat, if you look at the global reserve accumulation they are flat. So I think that we will face a disappointing 2015 in terms of economic growth.”
There is a lot central bank interventions and expectations by investors what the central bank will do next and so investors pile into stocks in the expectation that the Bank of China will essentially ease.
Yes I am long gold. I’ve been long gold since the mid 1990’s and I bought recently again more.
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