| Ignore the recent weakness in gold, the metal is still trading higher this year as it did in 2016, points out one famed economist. So why is it being “talked down” so much? Marc Faber, editor and publisher of the Gloom, Boom & Doom Report, told Kitco News he doesn’t understand the negative outlook on the metal. “My view is, of course, the [gold] price will eventually go up much higher. Around this level, it is an attractive opportunity to accumulate.” And, to Faber, the current economic environment would warrant a 20-25% allocation in precious metals.
Don’t forget to sign up for Kitco News’ Weekly Roundup – comes out every Friday to recap the hottest stories & videos of the week: https://connect.kitco.com/subscription/newsletter.html Join the conversation @ The Kitco Forums and be part of the premier online community for precious metals investors: https://gold-forum.kitco.com/ — Or join the conversation on social media: @KitcoNewsNOW on Twitter: https://twitter.com/kitconewsnow — Kitco News on Facebook: http://facebook.com/kitconews — Kitco News on Google+: http://google.com/+kitco — Kitco News on StockTwits: http://stocktwits.com/kitconews |
Marc Faber (born February 28, 1946) is a Swiss investor based in Thailand. Faber is publisher of the Gloom Boom & Doom Report newsletter and is the director of Marc Faber Ltd, which acts as an investment advisor and fund manager. Faber also serves as director, advisor, and shareholder of a number of investment funds that focus on emerging and frontier markets, including Leopard Capital’s Leopard Cambodia Fund and Asia Frontier Capital Ltd.'s AFC Asia Frontier Fund.
Tags:
