Video News/In Focus with Jeremy Szafron

Marc Faber, Editor and Publisher of The Gloom, Boom & Doom Report, says investors should look beyond short-term volatility in gold and focus on the longer structural case for holding physical metal. Speaking with Kitco News Senior Anchor Jeremy Szafron, Faber said he would “hope” gold falls another $1,000 because lower prices would allow him to accumulate more. Faber outlined his long-term approach to gold ownership, emphasizing physical custody and storage outside the banking system. He also discussed tightening liquidity conditions, warning signs in private credit, and the split between financial markets and household economic reality. Faber said central bank gold buying, geopolitical risk, and concerns over inflation continue to support the case for precious metals as part of a long-term wealth preservation strategy.