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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