Saturday, April 1, 2017
Marc Faber Warns Investors to Go Long on Gold, Silver, and Platinum in 2017
What is the Dr. Marc Faber prediction for gold and silver in 2017? Suffice it to say, Faber is a contrarian economist, which means he’s bullish on both investing in gold and investing in silver in 2017. Even though he’s a broad-based contrarian investor, his reasons for telling investors to go long on gold and silver are rock-solid.
Why should investors care what Faber says? After all, it’s easy to be a contrarian; just grumble about everything. But, to be a good contrarian investor, you need to know what you’re contrary about, and Faber does. A world-class economist-historian, Swiss-born Faber studied at the prestigious University of Zurich, where, at the age of 24, he graduated with a PhD in economics.
When it comes to making stock market predictions, he’s eerily well informed. He warned his clients to get out of the stock market before Black Monday. On Monday, October 19, 1987, the stock market experienced its biggest one-day crash in history. The Dow Jones Industrial Average (DJIA) spiraled, losing 22.6% of its value, or $500.0 billion.
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 Bob Chapman