Marc Faber is a great contrarian investor and publisher of the Gloom Boom & Doom Report. He is well known for his accurace predictions of stock market crashes and other correct calls on different investment assets.
March 29, 2012
Gold is not bubble
According to Marc Faber gold is not in a bubble. He believes that It wasn’t in a bubble also in 1973, either, but it still corrected by 40% back in that period. He is not even sure it's near a bubble ... Marc points out that in a bubble the majority of people and investors are not only invested but overinvested in a specific asset. Still Marc mentions that there was a bubble in 1979–1980, when the whole world was trading buying and selling gold 24-hours a day,worldwide. Today less than 1.5% of all assets are invested in gold and the public is under invested.
Marc Faber is a great contrarian investor and publisher of the Gloom Boom & Doom Report. He is well known for his accurace predictions of stock market crashes and other correct calls on different investment assets.
Marc Faber is a great contrarian investor and publisher of the Gloom Boom & Doom Report. He is well known for his accurace predictions of stock market crashes and other correct calls on different investment assets.
