Marc Faber Gold Prediction 2015: Physical Bullion or Gold Miners?

Mark farmer has long been an advocate of owning physical gold let's see what he is forecasting for 2015 in terms of the economy in the gold price in a recent interview buy gold broker.com mark was asked whether he believes that goldwell depp blow 1000 dollars she was his response so i don't know maybe we'll go below 1000 with my friend that it will not stay below 1000 dollars if gold stays down below a thousand dollars in hands while many and i have to repeat many gold mining companies will go bankrupt and then was the blade razor and
eve ball goes well with thousands its a signal that we are so what will the central bank's to delegate in even more destructive than me to print more money and so i would say as an investor i would use the current we are the buying opportunity mark was also recently interviewed by etf.com to discuss why he prefers physical gold over gold miners let's go over some of his answers etf.com asked gold plans to immediately after the october 31st bank of japan announcement which came only days after the fed announce the end of qe where do you see gold heading in 2015 mark replied i think it will go up but can't go down first yes in general i would say the game that the central bankers are play is very clear to start out with qe1 in the us and then that forest essential the other central banks to do the same to also go qe third kind of passing each other the ball one stops the other one starts it's basically a game designed to kill the purchasing power of paper money i'm not sure they're aware of it but in my vue to the beginning of the end of paper money in this century edf.com ask so at this time looking out into the next year are you polish on gold mark replied i've been recommending gold to delete 19 nineties when was below 300 dollars an ounce i don't regret that have continuously accumulated go i look out gold like an insurance policy it gives me some sense of security each individual can no longer trust central banks are all basically printing money each individual should have some gold to be his own central baker in that case i recommend every individual hold some gold in huu late some gold not with all his money if you buy an insurance policy you don't put all your money into an insurance policy but i would put some money into my insurance policy etf.com then asked what about gold mining shares in just the last couple of weeks stephen clobbered are you seen this as a buying opportunity the last time we spoke you pointed out that gold miners were depressed turn out even more depressed mark answered i became extremely depressed in november and december 2013 mince so if someone wants to take a gamble or wants to invest in an asset class that is inexpensive i would say gold shares are now absolutely and relatively very inexpensive so that's with mark farmers looking for in terms of gold and the economy for 2015 do you agree with mark forrest sent to me go ahead and leave a comment down below to add to the discussion once again thank you for watching this video and i'll see you on the next one