In a video interview with Barron’s editor Jack Otter, famed Swiss investment advisor, fund manager and publisher of the Gloom Boom & Doom Report Marc Faber gives his economic views for 2015.
Faber says that the US economy is slowing down, while Europe may see a one percent rise or fall. The only bright spot he sees is India.
Faber says that there is a lot of investor expectations on what central banks will do. Importantly, though, he expects investors to realize in 2015 that central banking is a scam and that if he could short central banks he would. However, Faber says that the only way to “short central banks” is to buy gold.
Faber says that he has owned gold since the mid-90s and that he recently bought more.
It is much better to view the video than to try to read the transcript.