If you have the time...Faber has a few good points. Equities Bull-market Federal Reserve, Correction and Taper Bonds, Equities, Gold / Silver Mining Shares German Ten-Year Bond ....French Government Bond Gold mining sector deflated Crash in general equities - Gold stocks ^ Gold in Asia Depressed gold price and why Wealth in Asia Hong Kong stock-market Yuan If China prints money China - property [youtube]http://www.youtube.com/watch?v=Ye6BRWVKM9s[/youtube]
I can't watch it at work, but what evidence does he put forward to back the claim that the gold price is depressed, and why?
Without listening to the video, Faber is consistent. 25% each stocks(non US)/bonds/cash/real estate-gold. I like Faber, but he has been very wrong on a US correction as the market is up over 30% since he called for a correction.
I hate to break this to you, but he made that statement about 1 & 1/2 years ago. He was wrong and he has admitted it himself. If you want to argue about it take it up with Faber.
It's not news. I know people like Marc have been saying it for many years. They will eventually be proven correct. Whether it's 2015, in 5, or even 10 years. You can make short term gains in stocks and derivatives, but I'd hate to be there when the music stops. Which is looking more and more likely.
I've always felt Faber has integrity when he speaks. Sometimes he's specific in his predictions, but other times he shows he's not sure of the precise timing and numbers just the eventual direction. My hearing was that he stayed a bit vague on the stock market - he expects a 20% maybe even 40% correction and it might have something left first, but the easy gains are gone and the balance has swung to risk over reward. It's overvalued and propped up by money printing. He's been saying that for a while yes, but the postponement is pretty much within his 'sort of, kind of' commentary.
... Like this answer in Feb 2014 - the US market has risen significantly since, but he kept his replies a bit vague, quite reasonably I think, and it has not yet been contradicted by events - i.e. 2014 isn't over yet
I watched a video the other day where he said he was wrong. Again, you guys can argue with the man himself.
Video takes a few minutes to load - did for me anyway. 30% fall in markets a "picnic": Marc Faber Fri, Oct 10, 2014 Got it from Gata link which said of the interview in part: "Horodelski asked Faber if gold would reverse upward with other commodities when the U.S. dollar falls. Faber replied: "Precious metals can still go lower, because, as some knowledgeable people have proven, the markets are manipulated. But I don't think they will stay low. I think they may go lower temporarily and then rebound strongly, and if I were a reader, I would no longer trust central banks, and [instead] say, 'I want to be my own central bank and have some gold and silver stored in a safe place, certainly not in the U.S."
