GOLD by the time I die it will be meaningfully higher

REGAN: Okay. So you want gold even at these levels. Where do you see – you still see it going lower however as we close out the year?

MARC FABER: I don’t know whether it will go lower, but I think say – I’m now 68. by the time I die, and I don’t think it will be 100 (inaudible) I’m not that optimistic, but by the time I die it will be meaningfully higher.

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.

Gold has done actually better than Stocks

REGAN: I know you have been bullish in gold for – well, pretty much forever, Marc. But now we’re in a situation where gold is at a four-year low. Goldman now predicting 10, 15 down (ph). Soc Gen saying $1,000. Where do you see gold finishing the year?

MARC FABER: I would say Goldman Sachs is very good at predicting lower prices when they want to buy something. But that is a (inaudible) I would say, yes, we are down from $1,900 to $1,160 or something like this, and it’s been a miserable performance since 2011. However, from the 1990 lows we’re still up more than four times. So I just looked at performance tables over 10 years and 15 years. Gold hasn’t done that badly, has done actually better than stocks.
Now I personally, I think that we may still go lower. It’s possible. I’m not a profit, but I’m telling you I want to own some gold because I don’t trust the financial system anymore. I think the whole thing is going to collapse one day and then I’ll be happy to have some assets. But of course the custody (ph) is important. I wouldn’t hold my gold at the Federal Reserve because they will lend it out. I wouldn’t hold my gold in the US at all.

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.

Gold & Silver Mining Stocks The Only Sector still attractive in The US Market

ET Now: US markets have been hitting record highs. Do you think that there is still some more steam left in US equities and if yes, which sectors do you like in US equities?

Marc Faber : In my view, there is only one sector that is particularly attractive and that is the mining sector. Gold and silver mining stocks are very depressed relative to the rates of the market and in absolute terms, in terms of valuations. So that sector is quite attractive.

I also think that coal shares have been oversold and they are now at a reasonably good value, but other than that, I do not see any particular value from a long-term perspective.

Now if you tell me that the market can go up another 10%, that may be the case, but it does not make for good value. Therefore if I look at the total return that I can expect from US shares over the next 5 to 10 years, it will be very disappointing. I would rather buy emerging market shares, which in terms of valuations are reasonably priced.

In the case of India, profit margins are at a historic low. So if there is an improvement in the economy and in the macroeconomic environment, corporate profit margins could expand.

Interest rates in India have a chance to come down at some point, which would be beneficial for corporate profits. So in general, I would rather invest in emerging economies than in the US from a long-term perspective. Now, as I said, if you tell me that the US market can go up another 10%, possibly it can then also drop 30%. - in ET Now July 2014

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.

Gold : I Buy More Every Month

Marc Faber told Bloomberg in an interview that he will “never sell his gold” and that “I buy more every month.”

Faber, managing director and founder of Marc Faber Ltd., discussed the state of the Chinese economy, the outlook for the U.S. stock market, gold and bitcoin with Trish Regan on Bloomberg Television's "Street Smart."

“The momentum sell-off has caused internal market damage” and “svery asset in the world is over-inflated right now…” Faber warns.

China worries him the most and he warns that Chinese growth figures are a fallacy.

“If one analyzes the data carefully” it is clear that “China is growing at most 4%.” Given the“gigantic credit bubble” the outlook is not hopeful as the sharp deceleration in growth is likely to continue. Faber also has strong words for Western nations
treatment of the rest of the world and “the US will have to back off.. because China is so important.”“I like the concept of Bitcoin”...  “Bitcoin has its merits since you may not be able to carry gold across borders,” Faber said.“People think they know what the future holds… and what Central banks are up to.. they don’t… I will never sell my gold and I buy more every month… I would not be short gold,” Faber said. - via fxstreet.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.

Gold is Relatively Cheap, Relatively Inexpensive

Marc Faber : “When I look at asset prices; real estate, bonds, equities, vintage cars… I think that gold is actually one of the few assets that is relatively cheap, relatively inexpensive.” - in bullmarketthinking Click here to watch the full interview


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.

GOLD is a Good Insurance

 "Given all the money printing that is going on globally – and not just in the US – and given that the total credit as a percent of the advanced economies is now 30% higher than in 2007 before the crisis hit, I think that gold is a good insurance."-  in a recent interview with CNBC



Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.

Gold Remains The Best Currency Bet

”Gold remains the best currency bet these days because of the fact that the yellow metal supply is extremely limited. Gold at the current price of 1,110 dollars per ounce is less expensive than it was sold for less than 300 dollars per ounce years back.” in commodity online



Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.

The Risk Is Not To Hold Gold

The risk is not to hold gold. Whilst there is the potential for 10 percent downside in the short term over the next 5 to 10 years the gains will be big. Or put another way, the purchasing power of paper money will fall.

Cash is very risky asset except in times of major market corrections. - in CNBC

Related Tickers: SPDR Gold ETF (GLD), Newmont Mining (NEM), Barrick Gold (ABX), Novagold (NG), Goldcorp (GG)

Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.

Selling Gold? I Know Better!

"I keep in my toilet a picture of Mr. Bernanke. And every time I think about selling my gold, I look at it and I know better!" - in Twitter
Related: SPDR Gold Trust (ETF) (GLD)

Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.

Responsible Investors Should own Gold

 Responsible Investors Should own Gold

I always buy gold and I own gold, I don't even value it. I regard it as an insurance policy. I think responsible citizens should own gold period. Eventually it [Gold prices] will go up.


Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.

GOLD is relatively Cheap right now

China's economy probably growing at an annual rate of 4 %, according to Marc Faber , known in the investment community with extremely negative outlook. " I told an economist , I believe that the second-largest economy is growing at a rate of 4 % per year, and he asked me, lest I mean rate of minus four percent ," said Faber to financial magazine CNBC. " I do not think that growth was negative in the amount of 4% , but must be included in the projection state of the credit market, which is at healthy levels ," says Faber. China's economy grew by 7.7% last year as projected on the side of growth this year of 7.5 %, according to government data. Big credit growth is one of the main risks to the growth of the Chinese economy , according to market observers. In recent months, the central bank of the country , apparently realized the problem, some efforts to address the poor state of the credit market. Contrary to the opinion expressed by Faber , retail , long-term investment and industrial production were better than expected. Faber motivate their negative expectations with other indicators, such as sales data with neighboring countries that might provide better information for the Chinese economy in the distorted statistics of the country. "You have to take into account other indicators that are more reliable , such as data export to countries like Taiwan and South Korea ," said Faber. Faber confirmed positive attitudes for gold, commenting that the precious metal is relatively cheap right now.

Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.

I Dont Value my Gold

  think I have around 25% in gold whereby I don’t value my gold. I have it and it’s my insurance policy. It is important that one day when the so-called shit hits the fan—and I think the Fed is well on its way to creating that situation—you have access to your gold, that it is not taken away.”



Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.

My GOLD is my Insurance Policy , I have 25% of my Assets in Gold

 Marc Faber : I recommend an asset allocation of about 25% in equities; 25% in fixed income, securities and cash; 25% in real estate; and 25% in precious metals—gold, silver. I think I have around 25% in gold whereby I don’t value my gold. I have it and it’s my insurance policy. It is important that one day when the so-called shit hits the fan—and I think the Fed is well on its way to creating that situation—you have access to your gold, that it is not taken away. - Faber said at Sprott Resources Round-table



Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.

I always buy GOLD and I own GOLD

Marc Faber : “I always buy gold and I own gold. I don’t even value it. I regard it as an insurance policy. I think responsible citizens should own gold, period.”

Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.

GOLD is the only honest Currency when paper Currencies are not

"On gold and silver, I think people should have 20 per cent of their money in physical gold, not gold papers. I would put the gold bars into deposit boxes at banks. Don't speculate but buy regularly and keep them safe. We live in a volatile period. Gold is not like other commodities, it's the only honest currency when paper currencies are not. - in nationmultimedia

Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.

Marc Faber: Gold will go over $1,921

HAI: Will gold revisit its highs?

Marc Faber: Eventually we will be over $1,921. The question is, Will it be this year or in five years? That I don’t know. But as I have argued repeatedly, I think that part of your assets should be held in physical gold. I emphasize physical gold.


Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.

Good time to move into GOLD because Stocks are in Bubble territory

Stocks are in "bubble territory," making it a good time to move into gold Dr Marc Faber told CNBC "The S&P is down 3 percent from its high, 1,709, and yesterday we had over 400 new 12-month lows on the New York Stock Exchange. That is remarkable," he said. "That shows that the internal picture of the market is very different than what the indices show. The indices – Nasdaq, S&P, Dow – are driven by just a few stocks that are very strong. They are in bubble territory."
 - in CNBC Click here to watch the full interview>>>>>>



Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.

Those Who Hate GOLD , Never Owned it

 Marc Faber :  In the Western world, the central banks and the academics hate gold because they personally never owned it. Especially since 1999, despite the recent setback, gold has significantly outperformed equities. The central bankers and the academics at universities that are neo-Keynesian, in other words, the idea of more and more government intervention and more and more expansionary fiscal and monetary measures, these people hate gold. If they have the opportunity to take it away, especially if, as Eric Sprott maintains, that the gold is not even there, they would have an incentive to buy the gold at the low level, once they collect all the gold, reevaluate by ten times.

 

Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.

Marc Faber : Gold is relatively Cheap relative to other Assets

Marc Faber : "I like [gold] here relative to other assets—to paintings, to collectibles, the Manhattan high-end property, to Hamptons property, to the Dow Jones, the S&P, the Russell 2000. I think gold is relatively cheap,"
"All these supersmart Fed watchers and Fed members and superbears about gold, they came out with sell recommendations on gold—these are all people that never owned an ounce of gold in their life!"


Marc Faber believes that sentiment has gotten overly bearish around gold. He likes it for the long term, but he'd also buy it for a bounce.
Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.


Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.

Marc Faber : Maybe GOLD is signaling a Deflationary Collapse of all Asset Prices

 Marc Faber : “Maybe gold is signaling a deflationary collapse of all asset prices. If this were indeed the case I suppose I would rather own gold than government bonds, high yield bonds and equities. If this scenario were to pass it would lead to even more money printing around the world,” - in Marketwatch




Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.