Gold May Rise 30 Percent in 2015: Marc Faber

MarketWatch reported that Marc Faber, publisher of the Gloom, Boom & Doom Report, sees gold increasing “substantially” in 2015, perhaps rising as much as 30 percent. He made the statement at Societe Generale SA’s (EPA:GLE) global strategy presentation in London.

Faber said:

My belief is that the big surprise this year is that investor confidence in central banks collapses. And when that happens — I can’t short central banks, although I’d really like to, and the only way to short them is to go long gold, silver and platinum. That’s the only way. That’s something I will do.

Click here to read the full MarketWatch report.