Famous Swiss investor,
Marc Faber, believes that gold will rally 30% in
2015. In arguing for the inclusion of the precious metal in your
portfolio, he will undoubtedly remind you that gold has maintained its
value throughout history and served as a valuable hedge for investors in
volatile times. The title of his recent in-depth economic publication,
the 'Gloom, Boom & Doom Report', will leave you in no doubt as to
his opinion on future of the markets.
Historically, he has a point. It is precisely in times of doom and gloom
that precious metals have held their value and proved a worthwhile
investment. Inflation, geopolitical uncertainty and currency devaluation
are all scenarios that put precious metals in the spotlight as
investors seek shelter from the storm. As the value of other asset
classes erodes, gold shines through and holds its value. -
in Zawya.com
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.
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