Marc Faber: "The Only Way To Short Central Banks Is To Be Long Gold"Zero HedgeJan. 20, 2015 |
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Amid all the turmoiling on global financial markets over the last few months, one 'asset' has held up surprisingly well (to some). As Marc Faber recently told SocGen's global strategy conference this week, gold has absorbed its fair share of the commodities-market blows in recent years, but now is the time to move back into the precious metal, "I'm positive [that] gold will go up substantially [in 2015] — say 30%." As Marketwatch reports, Faber singled out U.S. stocks as especially overvalued but most ominously concluded, "the big surprise this year is that investor confidence in central banks collapses," and this before the SNB decision. Read More |