Confusion over the daily fluctuation of the markets based on little snippets and tidbits of news can drive even the most astute trader or speculator batty, but in the case of gold, investors and pundits like Marc Faber and Jim Rogers aren’t confused at all, and they both say they have no intention of selling their gold, and are always on the lookout for dips so they can acquire more.
Confusion over the daily fluctuation of the markets based on little snippets and tidbits of news can drive even the most astute trader or speculator batty, but in the case of gold, investors and pundits like Marc Faber and Jim Rogers aren’t confused at all, and they both say they have no intention of selling their gold, and are always on the lookout for dips so they can acquire more.
In an interview with Bloomberg,Marc Faber,give view on gold.
China is unlikely to allow the yuan to appreciate against the dollar this year because Europe’s debt crisis has pushed the euro lower, according to Marc Faber, says a report from China Post.
By Jon Nadler
The high-stakes/high-visibility poker game-flavored battle of the ‘wolf packs’ versus Europe’s finance managers continued to rage on for yet another day.
Is the Chinese economy overheated and the dragon country on the verge of collapse? Noted global investor and economic analyst Marc Faber says the Chinese economy might crash within one year. Faber, the publisher of the Gloom, Boom & Doom report, has predicted that the China is going to collapse in the wake of imminent property bubble and declining commodity and stock market prices.
By John Dourekas
Hong Kong (Kitco News) — The rising price of gold is far from over since paper money will continue to lose value, according to Marc Faber, editor and publisher of The Gloom, Boom & Doom Report.
By Adrian Ash
Gold Prices slipped back from an overnight rally Tuesday morning in London, edging again below $1100 an ounce for US investors as world stock markets ticked higher along with government bonds.
By Dan Denning
Australia didn’t miss out on the first part of the Global Financial Crisis and it’s not going to miss out on the second part. The second part is coming. And it could be worse than the first. That, in a nutshell, is the message of today’s Daily Reckoning.
LONDON : Noted global investing advisor Marc Faber says people need to accumulate some gold every month as the yellow metal is the best bet against plunging currencies.
Gold Bullion’s position as a commodity rather than a currency sets it in good stead with regards to its price relationship with the US dollar, it has been said.
LONDON : The debt crisis plaguing Greece has turned out to be another opportunity for global investment advisors to bat for gold, the hottest commodity traded in the world.
Two of the world’s primary currencies will continue to depreciate in value compared to Gold Prices, a leading expert has suggested.
By Adrian Ash
The price of gold ticked lower on Monday after recording its best London Gold Fix in a week for US holders, hitting new all-time highs for UK investors as the Pound sank vs. the Dollar and European stock markets cut their early gains.
One of the world’s most notoriously bearish financiers has urged commodity market players to Invest in Gold.
Marc Faber the Swiss fund manager and Gloom Boom & Doom editor said the governments of every developed economy will eventually default on their sovereign debts, so the one thing he will never do in his life is ‘sell my gold.’
LONDON : Global investing guru and publisher of the famous Gloom, Boom and Doom report Marc Faber says gold price may continue to drop as low as $950 to $1,050 an ounce, but that is not any reason to sell gold. “The dip in gold price is a correction and this should be taken as a great buying opportunity,” Faber said.
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