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Marc Faber “Buys Bullion Every Month” – “Prepare for QE4 as Easing Follows Brexit”

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Published : June 29th, 2016
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Category : GoldWire

Marc Faber says gold’s investment case has been strengthened by the U.K.’s vote to quit the European Union as the fallout may spur the world’s central banks to step up easing, hurting currencies and favoring bullion, according to Marc Faber, publisher of the Gloom, Boom & Doom Report as reported by Bloomberg today.

As reported by Bloomberg:

“The U.S. Federal Reserve may even embark on a fourth round of quantitative easing, or QE4, Faber said in an interview on Bloomberg Television on Wednesday, adding that he typically buys bullion every month. While he also likes gold shares, they need to correct first after recent gains, he said.

Gold has soared after the U.K.’s vote last week as investors seek a haven from financial turmoil and contemplate the possible implications, including additional steps from central bank policy makers in Europe, the U.S. and Asia. Holdings in bullion-backed exchange-traded products have swelled to the highest level since September 2013 as banks including Goldman Sachs Group Inc. have boosted their price forecasts.

“If Brexit is used as an excuse, the central banks will print more money, QE4 in the U.S. is on the way and the depreciation in the purchasing power of currencies will continue,” Faber said in the interview from Hong Kong. “In that situation, you want to own some gold.”

Full article here

Faber is always worth listening to and had fascinating insights about Brexit, the EU bureaucracy, Trump’s rise, his outlook and why he continues to favour Asia investment wise in two interviews released by Bloomberg – see Faber: Bureaucracy in Brussels Needs to Be Reduced and Faber: Brexit a Positive for Trump. The segment about gold does not appear to have been released by Bloomberg TV.

Marc Faber Webinar on Storing Gold in Singapore

Download: Essential Guide To Storing Gold In Singapore

Gold Prices (LBMA AM)
29 June: USD 1,318.00, EUR 1,191.64 & GBP 984.36 per ounce
28 June: USD 1,312.00, EUR 1,185.79 & GBP 985.84 per ounce
27 June: USD 1,324.60, EUR 1,200.49 & GBP 996.36 per ounce
24 June: USD 1,313.85, EUR 1,181.28 & GBP 945.58 per ounce
23 June: USD 1,265.75, EUR 1,112.22 & GBP 850.96 per ounce
22 June: USD 1,265.00, EUR 1,122.31 & GBP 862.98 per ounce
21 June: USD 1,280.80, EUR 1,129.67 & GBP 866.72 per ounce

Silver Prices (LBMA)
29 June: USD 18.21, EUR 16.42 & GBP 13.55 per ounce
28 June: USD 17.57, EUR 15.84 & GBP 13.17 per ounce
27 June: USD 17.70, EUR 16.06 & GBP 13.40 per ounce
24 June: USD 18.04, EUR 16.32 & GBP 13.18 per ounce
23 June: USD 17.29, EUR 15.16 & GBP 11.61 per ounce
22 June: USD 17.20, EUR 15.23 & GBP 11.72 per ounce
21 June: USD 17.36, EUR 15.34 & GBP 11.78 per ounce


Gold News and Commentary
Gold up as dollar eases, silver outperforms (Bullion Desk)
Gold gains on economic worries after Brexit vote (Reuters)
Gold Climbs as Brexit Dims Prospect for U.S. Fed Rate Increase (Bloomberg)
Gold Retreats as Global Markets Stabilize After Brexit Turmoil (Bloomberg)
Jewellery crafted by ‘lost’ ancient people of Scotland unearthed: 1,500-year-old trove of silver (Daily Mail)

Silver Coins VAT Free In The UK (David Morgan on YouTube)
This Will Push The Gold Market Over The Edge (SRS Rocco Report)
“Gold Will Go Higher Than Most People Can Imagine” – Doug Casey (Zero Hedge)
“Loading Up On Cash And Gold Is The Only Way Out Of This” – Mauldin (Forbes)
Gold could be set for a strong breakout (CNBC)
Read More Here

Recent Market Updates
– BREXIT Day – Markets Becalmed – Gold Panic Prelude – Trading Hours
– Gold Lower Despite “Panic” Due To “Supply Issues” In Inter Bank Gold Market
– Gold Slips Despite UK Gold Demand Surging – Investors “Seek Stability”
– Gold Prices Surge to Highest in Nearly Two Years On FED and Brexit Haven Demand
– Gold Bullion Has Little Downside, Brexit Or Not, Says HSBC
– Central Bank of Ireland Warns Risks are Debt, Brexit, Geopolitical Tensions and Migration
– Gold In Euros Surges 6.5% In June and 17% YTD On BREXIT Concerns
– Soros Buying Gold On BREXIT, EU “Collapse” Risk
– UK Gold Demand Rises On BREXIT “Nerves”
– Pensions Timebomb in “Slow Motion Detonation” In UK, EU, U.S.
– Silver – Perfect Storm Brewing in the Market
– Martin Wolf: There Will Be Another “Huge” Financial Crisis

Data and Statistics for these countries : Georgia | Hong Kong | Ireland | All
Gold and Silver Prices for these countries : Georgia | Hong Kong | Ireland | All
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Mark O'Byrne is executive and research director of www.GoldCore.com which he founded in 2003. GoldCore have become one of the leading gold brokers in the world and have over 4,000 clients in over 40 countries and with over $200 million in assets under management and storage.We offer mass affluent, HNW, UHNW and institutional investors including family offices, gold, silver, platinum and palladium bullion in London, Zurich, Singapore, Hong Kong, Dubai and Perth.
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