Marc Faber: Invest 25% Of Investment Portfolios In Gold Bullion

Marc Faber has told advisers to invest 25% of investment portfolios in gold bullion.

The author of the Gloom, Boom & Doom Report, urged investment professionals at the CFA Institute Conference in Chicago that 25 percent of a portfolio should be allocated to gold given the very significant risks facing investors today.

The Chicago Tribune reports that Faber advised that gold is a “protection from a dangerous combination of tremendous government debt and massive bond-buying by central banks globally trying to fight off recession with near-zero interest rates.”

Faber said rates are so low that investors can’t make money in bonds so they keep buying stocks even though the prices are very inflated. Central banks want rising stock prices to make people feel wealthy and therefore spend their money, but the end result is income inequality and investor resentment, he said.

“Faber told the investment professionals gathered in Chicago that they shouldn’t be prejudiced against gold. Although the typical investment pro keeps less than 1 percent of his or her portfolio in gold, Faber suggests 25 percent. He sees it as protection from a dangerous combination of tremendous government debt and massive bond-buying by central banks globally trying to fight off recession with near-zero interest rates. Besides gold, Faber has invested in Asian real estate and some stocks and bonds.”

“It’s ludicrous to think that slashing rates will get people to spend.” When rates are low, he says, you feel insecure as savings earn nothing. So, “you save more” according to the Chicago Tribune.

Faber told GoldCore in a webinar in 2014 how he will “never sell his gold”, he buys “more every month” and he believes owning gold in vaults in Singapore “is safest.”

Webinar: Gold Bullion Stored In Singapore Is Safest – Marc Faber via Youtube

Download Guide: Essential Guide To Storing Gold In Singapore

 

Gold and Silver Bullion – News and Prices

Gold market surplus shrinks as fund inflows offset weaker Asian buying (Reuters)

Britain’s mint is making big money from gold rush (CNN)

Gold Edges Higher Ahead of Fed (WSJ)

Gold ends narrowly higher as investors await Fed decision (Marketwatch)

Gold consolidates ahead of Fed meeting outcome (Bulliondesk)

Deutsche Bank’s Pain Turns Chronic (Bloomberg)

Forget Silver or Gold; Palladium Is Winner Post-Brexit: Chart (Bloomberg)

Gold and Pork Bellies (Goldseek)

Gold Futures – critical days in the battle (not the war) (GATA)

Global arms race escalates as sabres rattle in South China Sea (Telegraph)

Gold Prices (LBMA AM)

27 July: USD 1,320.80, EUR 1,200.21 & GBP 1,007.77 per ounce
26 July: USD 1,321.25, EUR 1,199.56 & GBP 1,006.40 per ounce
25 July: USD 1,315.00, EUR 1,196.91 & GBP 1,000.32 per ounce
22 July: USD 1,323.20, EUR 1,199.22 & GBP 1,005.10 per ounce
21 July: USD 1,322.00, EUR 1,199.32 & GBP 1,000.75 per ounce
20 July: USD 1,325.60, EUR 1,204.31 & GBP 1,005.86 per ounce
19 July: USD 1,332.20, EUR 1,203.38 & GBP 1,009.04 per ounce

Silver Prices (LBMA)

27 July: USD 19.58, EUR 17.81 & GBP 14.95 per ounce
26 July: USD 19.68, EUR 17.89 & GBP 15.00 per ounce
25 July: USD 19.41, EUR 17.66 & GBP 14.77 per ounce
22 July: USD 19.70, EUR 17.87 & GBP 15.03 per ounce
21 July: USD 19.34, EUR 17.55 & GBP 14.66 per ounce
20 July: USD 19.70, EUR 17.88 & GBP 14.95 per ounce
19 July: USD 19.99, EUR 18.07 & GBP 15.18 per ounce


Recent Market Updates

– “Could Not Invent A More Bullish Story For Gold Bullion”
– Gold In Bull Market – “Every Reason For It To Continue” – Frisby In Money Week
– Is Gold Set To Hit $1,500 Per Ounce?
– Why Italy’s bank crisis could be a ‘ticking time bomb’
– Gold Holds Near Two-Week Low as Risk Appetite Rises on U.S. Data
– IMF Scraps Forecast for Global-Growth Pickup on Brexit Fallout
– Gold, Trump and Rates: Bank That Foresaw Rally Flags $1,500
– Gold Lower After Central Bank’s Surprise Move
– “We Are On the Cusp of an Explosion in the Silver Price” – John Embry

– Stocks Rally – Is Brexit Systemic Risks Contained?
– Britain has a new prime minister – here’s what that means for you
– Metals Caught Between Global Gloom, U.S. Job Gains as Gold Slips
– Central Bank Resumes Monthly Gold Buying in Bid to Diversify Reserves

Mark O'Byrne

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