platinum

Numismatic News: ‘Precious Metals, On Average, Have Outperformed U.S. Stocks Since The End Of 1999’

“Past performance is not indicative of future results.” That being said, I spotted the following over on the Numismatic News website tonight. Pat Heller reported Thursday:

While much attention is now focused on U.S. stock indices reaching record levels, only a handful of people are aware that precious metals, on average, have outperformed U.S. stocks since the end of 1999.

As measured in U.S. dollars, here are how various asset classes have performed from Dec. 31, 1999, to Dec. 30, 2016

Gold +299.0%
Silver +193.5%
Russell 2000 +168.9%
MS-63 $20 Saint-Gaudens +147.9%
MS-63 $20 Liberty +139.8%
Platinum +111.5%
Dow Jones Industrial Average +71.9%
Switzerland Franc +56.4%
MS-65 Morgan dollar +54.4%
Palladium +54.1%
Standard & Poors 500 +52.4%
NASDAQ +32.3%
China yuan +19.2%
Australia dollar +9.8%
Canada dollar +8.2%
Euro +4.5%
Japan yen -12.7%
Great Britain pound -23.6%
Brazil real -44.3%
Mexico peso -54.3%
South Africa rand -55.0%…

(Editor’s note: Bold added for emphasis)

Interesting. Note the performance of numismatic coins ($20 Saint-Gaudens, $20 Liberty, Morgan dollar) in that list.

The inclusion of “MS-65 $20 Saint-Gaudens”- popular with numismatic gold investors- in the analysis would have been neat to see.

I just blogged about a MarketWatch piece on rare coin investing this Tuesday, which pointed out:

Between 1979 and 2014, the most recent year for which data is available, coins with a minimum score of 65 posted an average annual return of 11.9%, according to a study by Penn State University. That’s near the average annual return of 13% posted by equities and more than twice the 5.5% average annual gain of gold bullion. Coins with a lower score, between 63 and 65, had an average annual return of 10.1%.

(Editor’s note: Bold added for emphasis)

Getting back to that Numismatic News piece, Heller also discussed long-term performance of some major currencies against an ounce of gold and recent demand for precious metals. An informative article, which you can read in its entirety on the publication’s website here.

By Christopher E. Hill
Survival And Prosperity (www.survivalandprosperity.com)

(Editor’s note: A qualified professional should be consulted prior to making a financial decision based on material found in this weblog. If this recommended course of action is not pursued, then it must be understood that the decision is the reader’s and the reader’s alone. The creator/Editor of this blog is not responsible for any personal liability, loss, or risk incurred as a consequence of the use and application, either directly or indirectly, of any information contained herein.)

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Friday, February 3rd, 2017 Commodities, Currencies, Investing, Precious Metals, Stocks Comments Off on Numismatic News: ‘Precious Metals, On Average, Have Outperformed U.S. Stocks Since The End Of 1999’

Marc Faber Bullish On Gold, Gold Shares, Platinum

Swiss-born investment advisor/money manager Marc Faber was on the CNBC TV show Trading Nation yesterday. The publisher of the monthly investment newsletter The Gloom Boom & Doom Report talked about potential investment opportunities, including precious metals. Dr. Faber told viewers:

As I said last year, precisely a year ago, when Barrick was around $6 and Newmont Mining around $17, I think that gold shares, after the recent correction, are still attractive. Don’t forget, gold has been talked down a lot recently, but the fact is when you say that gold is a currency, what has been the strongest currency on Earth this year? It’s up 11 percent in dollars, 32 percent in British pounds, and in Euros 14 percent. So I don’t think it’s been doing all that badly, even following the recent correction…

(Editor’s note: Bold added for emphasis)

After saying the U.S. economy “is not doing well” and predicting President-elect Trump will be a “Keynesian” and money printer, Faber added:

I would buy gold and platinum– they are depressed.

(Editor’s note: Bold added for emphasis)


“Marc Faber on stocks, bonds, gold and more”
CNBC Video

Regular readers of Survival And Prosperity know that Marc Faber has been a long-time gold bull. Covering the V International Central and Eastern European Investment Conference in Warsaw, Poland, last Friday (where Faber was the keynote speaker), the Hungarian financial news website Portfolio reported:

Faber is optimistic for gold, arguing it should form a 20% component of a good investment portfolio. As a reserve, he prefers holding bullion to purchasing indirectly via ETFs, but maintains that exchange-traded gold funds are not a bad thing either…

By Christopher E. Hill
Survival And Prosperity (www.survivalandprosperity.com)

(Editor’s notes: Info added to “Crash Prophets” page. A qualified professional should be consulted prior to making a financial decision based on material found in this weblog. If this recommended course of action is not pursued, then it must be understood that the decision is the reader’s and the reader’s alone. The creator/Editor of this blog is not responsible for any personal liability, loss, or risk incurred as a consequence of the use and application, either directly or indirectly, of any information contained herein.)

Source:

“Marc Faber: Current era of negative rates ‘a historic first.'” Portfolio.hu. 25 Nov. 2016. (http://www.portfolio.hu/en/economy/marc_faber_current_era_of_negative_rates_a_historic
_first.32147.html). 30 Nov. 2016.

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Wednesday, November 30th, 2016 Commodities, Crash Prophets, Currencies, Exchange-Traded Funds, Government, Investing, Monetary Policy, Money Supply, Precious Metals, Stocks Comments Off on Marc Faber Bullish On Gold, Gold Shares, Platinum

Marc Faber: ‘The Most Desirable Currency Will Be Gold, Silver, Platinum, And Palladium’

Swiss-born investment advisor/money manager Marc Faber was on the phone with the CNBC TV show Fast Money last Tuesday. When asked if he is bullish on gold and “is that inherently a call on the U.S. dollar as well?”, the publisher of the monthly investment newsletter The Gloom Boom & Doom Report responded:

Yes. I don’t understand why the world is so enthusiastic about the U.S. dollar. I think in the long run the U.S. dollar will be a weak currency… I think that actually the U.S. dollar, provided the Fed doesn’t cut interest rates again and provided the Fed doesn’t introduce negative interest rates, provided all these conditions, I think the U.S. dollar should be okay. But it’s not a desirable currency. And that’s why I think the most desirable currency will be gold, silver, platinum, and palladium.


“How terror impacts markets: Marc Faber”
CNBC Video

Christopher E. Hill
Survival And Prosperity (www.survivalandprosperity.com)

(Editor’s notes: Info added to “Crash Prophets” page; a qualified professional should be consulted prior to making a financial decision based on material found in this weblog. If this recommended course of action is not pursued, then it must be understood that the decision is the reader’s and the reader’s alone. The creator/Editor of this blog is not responsible for any personal liability, loss, or risk incurred as a consequence of the use and application, either directly or indirectly, of any information contained herein.)

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Monday, March 28th, 2016 Commodities, Crash Prophets, Currencies, Federal Reserve, Interest Rates, Investing, Monetary Policy, Precious Metals Comments Off on Marc Faber: ‘The Most Desirable Currency Will Be Gold, Silver, Platinum, And Palladium’

Advertiser Spotlight: Buy Gold And Silver Coins (BGASC)

Last June, I received an e-mail from an affiliate marketing partner of Survival And Prosperity which said they were terminating the relationship due to “nexus tax implications.” Curse this state (just kidding). Because blog readers were interested in the goods they sold (physical bullion), I searched for another reputable online retailer of gold and silver products to replace (surpass?) them. Enter Buy Gold And Silver Coins (BGASC). From the Calabasas, California-based bullion dealer’s “About Us” page:

Our goal is to be the kind of dealer we’ve always wanted to trade with: to be in stock, ship fast, be fair & reasonable, and operate honestly and efficiently. BGASC is one of the largest coin and bullion dealers in the United States. We are an Official PCGS Dealer, member of the Certified Coin Exchange (CCE), an NGC Collector’s Society Member, and a Bulk Purchaser of United States Mint non-bullion coins. Every single package we ship is sent fully privately insured for its time in transit. Customers all across the country have quickly come to recognize BGASC as one of the largest, fastest, most trusted online precious metals suppliers in the U.S. But you don’t have to take our word for it… Read BGASC Customer Reviews

In addition to being an official PCGS dealer, BGASC is also an American Numismatic Association member and listed in the ANA dealer directory.

Buy Gold And Silver Coins “stock a Large Selection of Gold and Silver Bullion Coins, Bars and Rounds as well as PCGS & NGC Graded Numismatic Coins.” Prices are “ultra-competitive” and they have “NO hidden fees, NO commissioned sales, and we don’t do phone solicitation calls either.” On their website, there’s an “ON SALE” section which routinely features “current sales, price reductions, and specially priced gold and silver bullion.” Right now, there’s a big silver sale going on.

BGASC also sells coins supplies and provides information on precious metals IRAs via their website.


“BGASC.com Silver Bullion Bars & Coins Unboxing – Behind The Scenes”
YouTube Video

Orders totaling $250 and up ship FREE (usually next business day). And according to their website, orders less than $250 ship for only $5.95 (no order minimum). Each package carries full shipping insurance (underwritten by Lloyd’s of London) during its time in transit, and is trackable by the customer from the time it’s placed to the time of delivery. BGASC has a 3-day return policy.

When it comes to customer satisfaction, the company is an eBay “Top Rated Seller” and scores 9.4 out of 10 (0-10 scale; 903 reviews) by the Trustpilot review community.

BGASC has a Better Business Bureau rating of “A+” and has a pending accreditation application with the BBB (“it has been found to meet our BBB Code of Business Practices”).

Interested in purchasing precious metals? Check out Buy Gold And Silver Coins via the banner ad below and see what they can do for you. Please note that by clicking on the ad and purchasing a product, I receive a commission from the sale.

Buy Gold And Silver Coins

Christopher E. Hill
Survival And Prosperity (www.survivalandprosperity.com)

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Tuesday, February 9th, 2016 Advertiser Spotlight, Commodities, Investing, Precious Metals Comments Off on Advertiser Spotlight: Buy Gold And Silver Coins (BGASC)

Gold ‘One Of The Best Assets To Own In 2016’?

Gold is making headlines again as interest in the yellow metal picks up due to the recent carnage on Wall Street and other financial concerns. It’s been some time since I’ve checked-up on precious metals, and here are excerpts from two insightful articles I read Wednesday afternoon. Mark Decambre reported on the MarketWatch website today:

Who would have guessed that gold would be one of the best assets to own in 2016? So far, that has been the case- while the U.S. stock market has rung up its worst start to a year and a miasma of economic gloom continues to roll across much of the world.

Gold is on a hot streak, after shrugging off the Federal Reserve’s interest-rate increase back in December that should have spelled doom for prices. Instead, it’s on track to gain 5.4% so far in 2016, FactSet data show. True, it’s still early in the year, but if gold were to just tread water for the next 11 months, it would mark the best annual gain in four years.

By comparison, the S&P 500 is down 6.4%, the Dow Jones Industrial Average has slumped 7% and the Nasdaq Composite has skidded a hefty 9%…

(Editor’s note: Bold added for emphasis)

Decambre added that silver is up 5 percent, platinum is down 1 percent, and palladium is also down 11 percent so far in 2016.

Down the stretch, Thomson Reuters GFMS analysts predict gold could end up having a good year. Jan Harvey reported Tuesday on the Reuters website:

Gold demand fell 2 percent last year, GFMS analysts at Thomson Reuters said on Tuesday, but is set to recover in 2016 as U.S. rate hikes arrive more slowly than expected, while concerns over economic growth and yuan weakness stimulate Chinese buying.

In 2016 GFMS sees gold prices, currently near $1,100 an ounce, recovering to above $1,200 an ounce by year-end, and averaging $1,164 an ounce in the full year. Gold demand is expected to grow by 5 percent this year, it said…

Mine supply is set to keep falling after posting its largest quarterly decline since 2008 in the last quarter, while lower prices are expected to stimulate retail demand, and central bank buying will remain supportive…

(Editor’s note: Bold added for emphasis)

Speaking of “mine supply,” I’m hearing more talk of “peak gold” these days, which is something I’ll have to look into.

Good news for gold these days. Which means mainstream (financial) media outlets will start beating up the yellow metal again shortly.

Christopher E. Hill
Survival And Prosperity (www.survivalandprosperity.com)

(Editor’s note: A qualified professional should be consulted prior to making a financial decision based on material found in this weblog. If this recommended course of action is not pursued, then it must be understood that the decision is the reader’s and the reader’s alone. The creator/Editor of this blog is not responsible for any personal liability, loss, or risk incurred as a consequence of the use and application, either directly or indirectly, of any information contained herein.)

Sources:

Decambre, Mark. “Gold has been one of Wall Street’s best bets early in 2016.” MarketWatch. 27 Jan. 2016. (http://www.marketwatch.com/story/gold-bugs-have-been-crushing-it-in-2016-relative-to-stock-markets-2016-01-27). 27 Jan. 2016.

Harvey, Jan. “Gold eyes 2016 rebound on slower rate hikes, Chinese demand – GFMS.” Reuters. 26 Jan. 2017. (http://www.reuters.com/article/us-gfms-gold-idUSKCN0V411O). 27 Jan. 2017.

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Wednesday, January 27th, 2016 Asia, Banking, Commodities, Currencies, Interest Rates, Investing, Mainstream Media, Precious Metals, Stocks, Wall Street Comments Off on Gold ‘One Of The Best Assets To Own In 2016’?

Marc Faber: ‘I Think The Markets Will Still Go Lower’

For the rest of the day, investing will be the focus of discussion here on Survival And Prosperity. Turning to the “crash prophets,” Swiss-born investment advisor/money manager Marc Faber was interviewed by CNBC-TV18’s Surabhi Upadhyay this past weekend. When asked if he still thought U.S. stock prices would end up falling 40 percent, the publisher of the monthly investment newsletter The Gloom Boom & Doom Report replied (from a transcript of their exchange):

What I said is that the market in the US would decline between 20 and 40 percent from the high rates last May, which was on the S&P 2,134.

(Editor’s note: Bold added for emphasis)

After U.S. stocks closed higher Friday for their first positive week in four, “Doctor Doom”- as the financial press likes to call him- warned:

I think the markets will still go lower. What we can have is the difficulties — if you print money, basically something will go up and in the case of the last few years what has gone up meaningfully are stocks but that after 2011, stocks did no longer go up…

(Editor’s note: Bold added for emphasis)

If he’s not bullish on U.S. equities, what is Dr. Faber’s recommending to investors these days? Mark O’Byrne , executive, marketing, and research director at Dublin-based international bullion dealer GoldCore, wrote on their blog last Wednesday:

Marc Faber, editor of the “Gloom, Doom & Boom Report,” has advised investors that now is a good time to invest in gold

Faber says investors would be prudent to diversify into safe haven in gold bullion which has risen 3% this year and is currently at $1,096 an ounce…

Faber favours allocated and segregated coin and bar storage in Singapore.

(Editor’s note: Bold added for emphasis)

Singapore?

Back on May 11, 2015, I blogged about an interview of Dr. Faber by Simon Black over at Sovereign Man, a provider of global financial intelligence and solutions. In the exchange that was uploaded to the Sovereign Man website on May 8, Faber told listeners:

The only currencies that I regard as significantly undervalued at the present time are the precious metals- silver, gold, platinum, palladium. And I would advise any investor to have at least some money in precious metals. The problem is, as a very informed reader of mine said, if precious metals really one day work out- in other words, gold goes to $10,000 an ounce- you can be sure that the government will take it away from you. That is a threat.

As you know in the world- since you are running an organization Sovereign Man- there is a move to curtail freedom, and there is a move to abolish paper money… If I were your listeners and I held gold, if paper money is abandoned or banished, about the last thing you want to hold is gold because it will be taken away as well. So you better close down your accounts at Citi, in my view. Put your money somewhere, anywhere in the world, except in U.S. banks.

Christopher E. Hill
Survival And Prosperity (www.survivalandprosperity.com)

(Editor’s notes: Info added to “Crash Prophets” page; a qualified professional should be consulted prior to making a financial decision based on material found in this weblog. If this recommended course of action is not pursued, then it must be understood that the decision is the reader’s and the reader’s alone. The creator/Editor of this blog is not responsible for any personal liability, loss, or risk incurred as a consequence of the use and application, either directly or indirectly, of any information contained herein.)

Sources:

“Sensex could fall to 20K; China growing at 2-4%: Marc Faber.” CNBC-TV18. 23 Jan. 2016. (http://www.moneycontrol.com/news/fii-view/sensex-could-fall-to-20k-china-growing-at-2-4-marc-faber_5120561.html). 25 Jan. 2016.

O’Byrne, Mark. “Invest In Gold Now As Stock Market To Crash- Faber.” GoldCore.com. 20 Jan. 2016. (http://www.goldcore.com/us/gold-blog/invest-in-gold-now-as-stock-market-to-crash-faber/). 25 Jan. 2016.

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Monday, January 25th, 2016 Asia, Banking, Commodities, Crash Prophets, Currencies, Federal Reserve, Government, Investing, Monetary Policy, Money Supply, Precious Metals, Stocks Comments Off on Marc Faber: ‘I Think The Markets Will Still Go Lower’

Marc Faber: ‘There Is No Safe Asset Anymore’

Let’s turn away from my neck of the woods for now and focus on what the “crash prophets” are saying (and more importantly, doing) these days in the midst of major volatility in the financial markets. First up is Swiss-born investment advisor/money manager Marc Faber. The publisher of the monthly investment newsletter The Gloom Boom & Doom Report appeared on Bloomberg TV’s Market Makers on September 2, and when asked which asset class he thinks “offers either safety or the prospect of meaningful capital appreciation for more than the short term,” Dr. Faber told viewers:

I think that because of modern central banking and repeated interventions with monetary policy, in other words with QE, all around the world by central banks, there is no safe asset anymore. When I grew up in the fifties it was safe to put your money in the bank on deposit. The yields were low but it was safe. But nowadays, you don’t know what will happen next in terms of purchasing power of money. What we know is that it’s going down. And I would say if I had to turn anywhere where, as you say, the opportunity for large capital gains exists, and the downside risk in my opinion limited, it would be the mining sector, specifically precious metals. Mining companies, in other words, gold shares. And I would also look at, as you just mentioned before, stocks like Freeport, Newmont, American Barrick that have been hammered because of falling commodity prices. Now commodities may still go down for a while, but I don’t think they’ll stay down forever…

I would rather focus on precious metals- gold, silver, platinum- because they do not depend on industrial demand as much as base metals as industrial commodities.


“Mark Faber: There Is No Safe Asset Anymore”
Bloomberg Video

Christopher E. Hill
Survival And Prosperity (www.survivalandprosperity.com)

(Editor’s notes: Info added to “Crash Prophets” page; I am not responsible for any personal liability, loss, or risk incurred as a consequence of the use and application, either directly or indirectly, of any information presented herein)

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Wednesday, September 9th, 2015 Banking, Commodities, Crash Prophets, Industrial Metals, Investing, Monetary Policy, Precious Metals, Stimulus, Stocks Comments Off on Marc Faber: ‘There Is No Safe Asset Anymore’

Marc Faber Warns ‘Have At Least Some Money In Precious Metals’ And Store It Overseas

Swiss-born investment advisor/money manager Marc Faber was just interviewed by Simon Black over at Sovereign Man, a provider of global financial intelligence and solutions. The publisher of the monthly investment newsletter The Gloom Boom & Doom Report talked about the need of investors to be in precious metals, and where to store it. In the exchange that was uploaded to the Sovereign Man website on May 8, Dr. Faber told listeners:

The only currencies that I regard as significantly undervalued at the present time are the precious metals- silver, gold, platinum, palladium. And I would advise any investor to have at least some money in precious metals. The problem is, as a very informed reader of mine said, if precious metals really one day work out- in other words, gold goes to $10,000 an ounce- you can be sure that the government will take it away from you. That is a threat.

As you know in the world- since you are running an organization Sovereign Man- there is a move to curtail freedom, and there is a move to abolish paper money… If I were your listeners and I held gold, if paper money is abandoned or banished, about the last thing you want to hold is gold because it will be taken away as well. So you better close down your accounts at Citi, in my view. Put your money somewhere, anywhere in the world, except in U.S. banks.

Back in February, Faber warned in a King World News interview:

The central banks and the governments will try to take the gold away from ordinary people, you understand? I think they know that this would be one solution for the global financial system to peg it again to some extent on gold. But before they do that, I think they’ll go after you and me and say, “Okay, parasites of society that do not spend but keep their money in gold that is unproductive- let us take it away.” That is the threat. I’m not worried about the price of gold. What do I care if the gold price is at $1,000 or $500 or $1,500 or $5,000? What I care is that I can keep ownership of gold.

You can listen to that Sovereign Man interview in its entirety on their website here (precious metals discussion starts at 13:59).

Christopher E. Hill
Survival And Prosperity (www.survivalandprosperity.com)

(Editor’s notes: Info added to “Crash Prophets” page; I am not responsible for any personal liability, loss, or risk incurred as a consequence of the use and application, either directly or indirectly, of any information presented herein.)

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Monday, May 11th, 2015 Banking, Commodities, Crash Prophets, Currencies, Freedom, Government, Investing, Precious Metals Comments Off on Marc Faber Warns ‘Have At Least Some Money In Precious Metals’ And Store It Overseas

Goldman Sachs: About 20 Years’ Worth Of Known Mineable Gold Left

Leading global investment banking, securities, and investment management firm Goldman Sachs has put the spotlight back on gold and other prized commodities. Myra P. Saefong reported on the MarketWatch website this morning:

In another two decades, rare commodities may become seriously scarce.

According to Goldman Sachs, the world has about 20 years’ worth each of known minable reserves of gold, diamonds and zinc. Platinum, copper, nickel reserves only have about 40 years or less left.

“The combination of very low concentrations of metals in the Earth’s crust, and very few high-quality deposits, means some things are truly scarce,” Eugene King, European metals and mining analyst at Goldman Sachs, wrote in a recent research note…

(Editor’s note: Bold added for emphasis)

Could “peak gold” really have arrived? Regular observers of the precious metal shouldn’t be surprised to hear of its mention. Lawrence Williams reported on Mineweb.com (web-based international mining publication focusing on mining financial and corporate news and comment) back on March 25, 2013:

A new study from research and data provider IntierraRMG has pointed to a disturbing trend in terms of a decline in new global discoveries and in particular in gold grades. According to a study which covers announced gold deposit finds over the past 10 years, this decline has been accelerating over the past four years and if the trend continues, which seems likely as the easier-to-find deposits have perhaps mostly already been discovered, then the future of global mined gold supplies will gradually become affected. Indeed global production of mined gold has been plateauing and although running at or around its historic high levels, as the amount of new gold being found diminishes, then global production levels may not be sustainable beyond the next few years unless there is a dramatic turnaround in discoveries

(Editor’s note: Bold added for emphasis)

Last fall, the chief executive of the world’s biggest gold miner (by market capitalization) was warning of “peak gold.” Alistair MacDonald reported on The Wall Street Journal website on September 8, 2014:

Miners have reached “peak gold,” in which production of the precious metal has hit its high as easy-to-mine gold deposits become harder to find, said Chuck Jeannes, chief executive of Goldcorp, the world’s largest gold miner by market capitalization.

Mr. Jeannes said in an interview that a falloff in supply will support the gold price, but make mining it even harder and lead to further consolidation in the industry…

“Whether it is this year or next year, I don’t think we will ever see the gold production reach these levels again,” he said. “There are just not that many new mines being found and developed.”

(Editor’s note: Bold added for emphasis)

If “peak gold” is truly taking place here, there’s a good chance investors are going to pay more attention to the shiny yellow metal going forward.

Christopher E. Hill
Survival And Prosperity (www.survivalandprosperity.com)

(Editor’s note: I am not responsible for any personal liability, loss, or risk incurred as a consequence of the use and application, either directly or indirectly, of any information presented herein)

Sources:

Saefong, Myra P. “In 20 years, the world may run out of minable gold.” MarketWatch. 31 Mar. 2015. (http://www.marketwatch.com/story/in-20-years-the-world-may-run-out-of-minable-gold-2015-03-30). 31 Mar. 2015.

Williams, Lawrence. “New gold discoveries declining at accelerating rate – IntierraRMG.” Mineweb. 25 Mar. 2013. (http://www.mineweb.com/archive/new-gold-discoveries-declining-at-accelerating-rate-intierrarmg/). 31 Mar. 2015.

MacDonald, Alistair. “Goldcorp CEO Jeannes Sees “Peak Gold” in Sector This Year or Next.” The Wall Street Journal. 8 Sep. 2014. (http://www.wsj.com/articles/goldcorp-ceo-jeannes-sees-peak-gold-in-sector-this-year-or-next-1410188689). 31 Mar. 2015.

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Wednesday, April 1st, 2015 Commodities, Gemstones, Industrial Metals, Investing, Natural Resources, Precious Metals Comments Off on Goldman Sachs: About 20 Years’ Worth Of Known Mineable Gold Left

Marc Faber: Gold Going Up 30% In 2015

“BullionVault, an online service for investors to buy and sell physical gold and silver, said its Gold Investor Index fell in December to an almost five-year low.

The gauge, which measures the balance of buyers against sellers, slipped to 50.5 from 52.1 in November, the London-based company said in an e-mailed report today. That’s the lowest level since February 2010 and marked the biggest drop since 2013. A reading above 50 indicates more buyers than sellers…”

-Bloomberg.com, January 6, 2015

Regular readers of Survival And Prosperity know that Swiss-born investment advisor/money manager Marc Faber has been a gold bull for some time. And the publisher of the monthly investment newsletter The Gloom Boom & Doom Report is so confident about a rising price of gold in 2015 (in spite of all the negative sentiment among investors) that he made an eye-opening prediction yesterday. Sara Sjolin reported on the MarketWatch website Tuesday afternoon:

“I’m positive [that] gold will go up substantially [in 2015] — say 30%,” Faber, whose investment letter is called the Gloom Boom Doom Report, said at Société Générale’s global strategy presentation in London on Tuesday.

“My belief is that the big surprise this year is that investor confidence in central banks collapses. And when that happens — I can’t short central banks, although I’d really like to, and the only way to short them is to go long gold, silver and platinum,” he said. “That’s the only way. That’s something I will do.”

(Editor’s note: Bold added for emphasis)

BullionVault

Dr. Faber repeated his recent “bubble in everything, everywhere” statement while in London. Sjolin added:

“We simply have highly inflated asset markets. Real estate is high, stocks are high, bonds are high, art prices are high, and interest rates and short-term deposits are basically zero,” Faber said. “The only sector that I think is very inexpensive is precious metals, and in particularly precious-metals stocks.”

(Editor’s note: Bold added for emphasis)

Faber, who became well-known for advising clients to get out of the U.S. stock market one week before the October 1987 crash and for predicting the 2008 global financial crisis, appeared on CNBC’s Squawk Box back on September 19, 2014, and warned viewers:

Today, the good news is we have a bubble in everything, everywhere– with very few exceptions. And, eventually, there will be a problem when these asset markets begin to perform poorly. The question is- what will be the catalyst? It could be a rise in interest rates not engineered by the Fed, because I think they’ll keep interests rates at zero on the Fed funds rate for a very long time… We could have essentially a break in bond markets at some point. We also could have a strong dollar. A strong dollar has already happened in the last two months signifies that international liquidity is tightening. And when that happens, usually it’s not very good for asset markets.

Dr. Faber also sees a potential investing opportunity in emerging markets, which you can read about in Sjolin’s piece on the MarketWatch website here.

(Editor’s notes: Info added to “Crash Prophets” page; I am not responsible for any personal liability, loss, or risk incurred as a consequence of the use and application, either directly or indirectly, of any information presented herein.)

Christopher E. Hill
Survival And Prosperity (www.survivalandprosperity.com)

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Wednesday, January 14th, 2015 Banking, Bonds, Bubbles, Commodities, Crash Prophets, Currencies, Emerging Markets, Federal Reserve, Interest Rates, Investing, Monetary Policy, Precious Metals Comments Off on Marc Faber: Gold Going Up 30% In 2015
Survival And Prosperity
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Christopher E. Hill, Editor

Successor to Boom2Bust.com
"The Most Hated Blog On Wall Street"
(Memorial Day Weekend 2007-2010)

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RSS Chris Hill’s Other Blog: Offshore Safe Deposit Boxes

  • List Of Offshore Private Vaults Updated
    The list of private, non-bank vaults outside the United States (offering safe deposit boxes/lockers at a minimum) located on this blog’s sister site- Offshore Private Vaults- has just been updated. Safe deposit facilities now open for business have been added under the following countries: -Hong Kong (Smart Secured Storage) -Liechtenstein (Liemeta AG, Triesen) -United Kingdom […]
  • Related Reading: The Telegraph Looks At Latest Security Technology In Bank, Private Vaults
    I’m back after several days spent on matters related to the research business (focus: specialized asset protection) I’m in the process of rolling out. Despite the “spring break,” I compiled a good deal of material to blog about in the near future. Getting back into the saddle then… “How to rob a bank” This headline […]
  • Next Degussa Numis Day To Take Place March 30, 31
    Rare numismatic coins often find their way into safe deposit boxes. And Degussa, a leading international player in the precious metals world which also offers safe deposit boxes (for customers) at branches in Germany, Singapore, Spain, and Switzerland, has posted information about the next Numis Day (first blogged about here) at their Geneva and Zurich […]
  • Related Reading: Switzerland, Canada, United Kingdom Top U.S. News & World Report’s 2017 ‘Best Countries’ Rankings
    Here’s an annual survey one might consider when selecting an offshore safe deposit box location. U.S. News & World Report just released its “Best Countries” rankings for 2017. Kevin Drew reported Tuesday morning on the American media company’s website: Switzerland is viewed as the No. 1 overall country, according to a survey of more than […]
  • Related Reading: London’s Sharps Pixley Spotlighted By The Spectator Magazine
    Monday evening I read an interesting article about London, England-based precious metals showroom/safe deposit box service Sharps Pixley (first blogged about here). Margareta Pagano wrote on the website of The Spectator (UK) this past weekend: When the going gets tough, the tough go shopping. And when the going is seriously tough- as it may be […]