Marc Faber: Gold is a Hedge Against a U.S. Economic Collapse
The U.S. could be on the verge of an economic collapse and investors should start moving their portfolios into hard assets like gold and silver. At least, that’s according to renowned investor Marc Faber.
In a presentation at the CFA Analyst Seminar in Chicago, the popular market commentator argued asset markets are broadly overvalued and investors should be accumulating cash. To survive the looming financial crisis and economic collapse, the author of the Gloom, Doom, and Boom Report recommended investors keep a quarter of their portfolio in gold. (Source: Faber likes cash, says real estate and emerging markets equities to outperform, last accessed: July 29, 2015.)
“Gold is insurance if the banking system fails,” he said to attendees. “As an investor I’d like to own something outside the banking system, and that includes real estate, art and gold.”
Continue Reading>> Marc Faber: Gold is a Hedge Against a U.S. Economic Collapse
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