Thursday, March 23, 2017

Marc Faber : Gold Shares are The Best performing Sector In The U.S.

What do you think about the condition of the market?

Marc Faber : The market has altered downwards and we are in a purchasing range. It does not matter even if India develops at 5% or 7% per annum but if think about the coming 10 years, you could simply anticipate an economy that grows all over on an average between 4 and 7% per annum, which is very a high growth rate.
I assume that earnings ultimately track the “GDP growth”. Presently, the estimations in India are satisfactory. But I have one thing to add. Just couple of years back, indexing has gained the tag of “new trend” around the world. Ample amount of money is been invested in a submissive way in ETFs—who are interested in buying index.
If we consider 2016, a huge difference can be seen in the achievements of distinct sectors in the United States—the gold shares being the best performing sector. Apart from it, energy sector performed best while biotechnology performed the worst. The world is again shifting toward “stock pickers’ era” wherein people give their best performance provided they are in the appropriate sector.
 source : Marc Faber

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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