May 17, 2012

Marc Faber latest update on stocks and gold

According to Mr Faber stocks, gold and gold shares will bottom very soon and a rally will follow. He doesn’t believe that the markets will go to new highs and believes that during the rallies investors can decrease the positions they are not comfortable with. The USD and bonds will go down during this relief rally as risky assets go up.

  Buy Gold

Marc Faber continues to favor gold and believes that even a central banker, with his just-below-average intelligence, will someday along the line see and want to move out of USD the bonds that provides no yield. All that means CB will buy gold in environment of negative real interest rates. Central banks should have done it long time ago but still it is not too late.

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.