Marc Faber: Gold one of the few cheap assets
Victoria Hewitt-Marsh, News Editor
5 Mar 2014, 11:24 a.m.
Marc Faber, one of the few investors recommending gold in 1999, believes gold is one of the few cheap assets left, especially when compared to real estate, equities, bonds and collectables.
In an interview with Sprott Global Resource, Faber senses that the current price correction in gold is over and that there has been manipulation in the market. When discussing China, Faber believes a recession in China and a weakening of the Yuan would cause Chinese consumers to redirect their savings in physical gold.
In an interesting interview, Faber also discusses the geopolitical tensions in Asia and the current state of the US equity markets.