Thursday, June 11, 2015

Faber : Gold will Rally 30% in 2015

Famous Swiss investor, Marc Faber, believes that gold will rally 30% in 2015. In arguing for the inclusion of the precious metal in your portfolio, he will undoubtedly remind you that gold has maintained its value throughout history and served as a valuable hedge for investors in volatile times. The title of his recent in-depth economic publication, the 'Gloom, Boom & Doom Report', will leave you in no doubt as to his opinion on future of the markets. Historically, he has a point. It is precisely in times of doom and gloom that precious metals have held their value and proved a worthwhile investment. Inflation, geopolitical uncertainty and currency devaluation are all scenarios that put precious metals in the spotlight as investors seek shelter from the storm. As the value of other asset classes erodes, gold shines through and holds its value. - in

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.