It feels surreal when guests actually make mainstream media anchors nervous. It is usually carefully-scripted cheerleading of the party line or corporate message, so it was a breath of fresh air to see Marc Faber call out CNBC for loving and supporting central banks. He suggested the trade of the century would be to short central banks.
Marc Faber believes that 2015 could be the year that the markets lose confidence in central banks’ ability to artificially prop up the economy. In fact, he strongly believes that gold could rise 30% this year to roughly $1,700!!
At 1:58, the interview gets uncomfortable when Faber calls out the financial advisors and CNBC specifically. The anchor goes quiet and quickly ends the interview when Faber remarks bluntly that the financial sector would love it – Main Street be damned – if Yellen printed way more money:
Of course, we agree with Mr. Faber that 2015 is going to be a very good year for gold investors. We also agree that junior mining stocks will offer the greatest returns. Many of the junior mining stocks on the GSB Watch List have already DOUBLED in the past month alone. But they remain far from recent highs and the upside potential is significant. Get our stock picks, view our portfolio and receive the monthly newsletter by clicking here.