Marc Faber, author of the report The Gloom, Boom & Doom Report, warned investors that the safest assets in the world, no more - on materials AMarkets.
However, the expert noted that gold mining industry has a certain potential, promising growth of assets. Faber remains true to his credo, once again advocating for the yellow metal.
The main reason why the safe-haven is almost gone - is that the central banks are too overdone with monetary interventions. Faber remembers his youth: "In 1950 a deposit in a bank all seemed safe investment - and it was ... the rates were certainly low, but the safety of the money was provided. But today, you never know what will happen to the purchasing cost of money tomorrow. However, we know exactly what the cost of money will fall "... Rogers believes that the only relatively prosperous industry for today (t. E. The lesser of all evils) - a segment of mining of gold (which is limited Downside risk and have good earnings growth for industry).
Rogers believes that commodity assets will not fall for a long time. Gold, silver, platinum - at the potential of these assets is obvious - the expert believes. This group of assets is not in a dense, depending on the industrial demand. The expert also urged investors not to worry too much about every negative news from China. With the cyclical point of view of the Celestial Empire has a serious slowdown in GDP growth. However, long-term economy has a chance to continue to grow at a rate higher than the rest of the world. Rogers also noted that the shares of emerging markets is now more attractive stocks in developed markets.
This does not mean that the region is now EM-cheapest in terms of the value of shares in the companies. But in the interval the next 7-10 years, EM has a good potential for growth. The US market is very overbought on all positions - from the perspective of historical data and technical analysis, as well as from the standpoint of fundamental data.