Monday, May 4, 2015

Marc Faber still likes gold miners

I don't trust governments and I don't trust Banks. So I want to own some equities, some properties, some precious metals. And when we talk about stocks the only group that stands out as great value around the world are gold mining shares. 

This year the GDX etf is up 12 percent, Neumont mining is up 37 percent, Barrick is up 13 percent. When we talk about this year its not so bad. But I don't know if Gold prices will go up right from here. If I look at the ignorance of Central bankers and their recklessness from the US to ECB to Japan to the Bank of England, I want to own some precious metals.