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Final 2015 Barron's Roundtable: 33 Savvy Picks: Faber, Herro, Schafer, And Gabelli
I'd say Marc Faber is doubling down. Sure he's been a little wrong - since the dawn of time - but he makes up for it in confidence. Same for Peter Schiff and John Mauldin.
Faber: If I could find a way to short central banks, that is what I would do. This is the year that people will lose confidence in central banks, mostly because of the failure of Abenomics in Japan. [Abenomics, the economic policies advocated by Japanese Prime Minister Shinzo Abe to reignite Japan’s economy, encompass monetary easing, fiscal stimulus, and structural reforms.] One way to short central banks is to go long gold. I recommend buying physical gold, silver, and platinum. If you are looking for bigger gains, I suggest either mining-company stocks or the Market Vectors Junior Gold Miners [GDXJ] exchange-traded fund. In last year’s first half, when gold rebounded by 15%, the Junior Gold Miners ETF rallied by more than 40%.
"Faber: If I could find a way to short central banks, that is what I would do."
In a technical, round about way; shorting central banks for the past 6 or so years would amount to investing (being long) in the areas that central banks were/are trying to stimulate, yes?
That would be one's choice of equity and bond sectors to suit their risk/reward.
Or is it that I'm really not very smart about investments? Are these things really harder than this to understand or do some make them to difficult for their own well being?
I'm a little put off by David Herro joining the Roundtable and then having to clown for the photos. I don't invest with Oakmark because they have celebrity managers.
Comments
In a technical, round about way; shorting central banks for the past 6 or so years would amount to investing (being long) in the areas that central banks were/are trying to stimulate, yes?
That would be one's choice of equity and bond sectors to suit their risk/reward.
Or is it that I'm really not very smart about investments? Are these things really harder than this to understand or do some make them to difficult for their own well being?
Regards,
Catch