Faber recently added to his Gold Position

Posted by Marc Faber - Gloom Boom & Doom Report

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Marc Faber: Asset Markets Will Crash Like Titanic

Summary of Interview on buying Gold:

  • Our guest Marc Faber expects the Fed to backpedal with the new rate hike policy, with the announcement of a new wave of monetary expansion this year, QE 4.
  • Policymakers are pushing on a string – monetary expansion is far less affective with each installment. 
  • Although the equities indexes are being buoyed by a few key shares, the majority of stocks are in bear market territory. 
  • Dr. Faber questions the veracity of official US economic figures, noting a high likelihood of a recession in early 2016 despite official indications to the contrary. 
  • After years of stagnation, gold shares are outperforming most sectors, as their relative value encourages wise investors to allocate funds into the XAU. 
  • Dr. Faber recently added to his gold position, using weakness as an opportunity to procure sound money at a discount. 
  • The storage cost for physical gold bullion is low making the yellow metal an ideal asset to outperform other commodities amid a 2016 rebound rally.

 

 

Also from Marc:

Marc Faber: Asset Markets Will Crash Like Titanic