Video: will #gold go up or down in the next 6 months? Mobius, Faber & more share their views
Will gold prices go up or down in the next 6 months? When Mark Mobius, Marc Faber, Mishal Kanoo and John Taylor Jnr were in town last month for the Hedge Funds World Middle East conference, we asked them for their forecasts.
Executive Chairman of Templeton Asset Management, Mark Mobius told us that he believed that as money supply has increased dramatically in most major economies, gold prices are bound to go up. Likewise, Marc Faber, Editor of the Doom, Boom and Gloom report, explained his view that “given the propensity of all central banks to print money, the price of gold will be much higher over time”.
Chairman, CEO and Founder of FX Concepts, John Taylor Jnr shared his belief that “gold will have a push behind it as the major currencies of the world get weaker relative to commodities”.
However, on the other side of the fence, Mishal Kanoo, Chairman of The Kanoo Group, told us that he believes gold is hyper-inflated. He explained “[gold] has gone up 6 times since 2001 and nothing can sustain itself at that rate – it has to come down. The problem for managers is to figure out when it will come down”.
To hear the full responses from Mark Mobius, Marc Faber, Mishal Kanoo and John Taylor Jnr, watch the video below.