Doom master Marc Faber expressed his ideas at the Barron's Roundtable 2014, Marc Faber does, however, lean against Felix Zulauf's recommendation to short the Hong Kong ETF (EWH) as a play on a credit bust in China. Property companies are a big component of the Hong Kong stock market, says Marc Faber, and may have already priced in an implosion as they're selling for just 40-50% of asset values. "I would rather buy Hong Kong shares and short the Nasdaq," says Marc Faber.
It goes without saying that Faber is bullish on gold, but he's a bigger fan of the miners (GDX) recently. Marc Faber is probably bullish on the miners as they are selling at a discount to gold. There is also fast pace of insider buying in the industry. A member of the board at Sprott, Faber says Eric Sprott has been selling company stock to buy shares in small miners (GDXJ). "If the gold price goes up 30%, Sprott's shares might double, but mining stocks could go up four times."
It goes without saying that Faber is bullish on gold, but he's a bigger fan of the miners (GDX) recently. Marc Faber is probably bullish on the miners as they are selling at a discount to gold. There is also fast pace of insider buying in the industry. A member of the board at Sprott, Faber says Eric Sprott has been selling company stock to buy shares in small miners (GDXJ). "If the gold price goes up 30%, Sprott's shares might double, but mining stocks could go up four times."
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.
