Gold News: Analyst Says Gold Will Increase 30% In 2015

Gold has tumbled 35% since reaching an all-time high just above $1900 an ounce in September 2011, as it fell 1.5% in 2014 after dropping 28% in 2013. Analyst Marc Faber believes that 2015 is now the time to move into the precious metal markets, as gold will increase around 30% in his opinion.



Faber, whose investment letter is called the Gloom Boom Doom Report, states that his belief for 2015 is that investors will lose confidence in central banks that will collapse. Investors can’t directly short central banks; however, investors can go long gold, silver, and platinum, which will experience growth if the central banks decline.

Often times referred to as Dr. Doom, Faber claims that the asset markets are highly inflated, with the only sector that is highly inexpensive is precious metals. He singled out US stocks as especially overvalued, while emerging markets could be on the cusp of another bull run. While gold has taken its fair share of blows in recent years, it could rebound in 2015.