Why is Gold Being 'Talked Down' So Much? - Marc Faber

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. (show less)

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 ... (read more)

 
 
Kitco News

Kitco News
The Kitco News team speaks to analysts and experts on the frontlines of the market to get the most up-to-date news on the economy. The show offers a well-rounded, timely view on big market moves and any major headlines that may affect financial assets. Coined – no pun intended – as the number one source of precious metals news, Kitco News is the leading provider of up-to-date price action in the precious metals space.

 

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