Marc Faber is buying Gold’s dip

Mark Faber, author of Gloom, Boom, and Doom, discussed the current state of the gold market, emphasising that the recent dip presents a buying opportunity. “I’ve held gold for 40 years, and I’d buy more now as a correction is a gift,” he said. Faber believes the U.S. dollar’s strength and recent downward corrections are temporary and will reverse, boosting the gold price. He also mentioned that Trump’s economic policies, particularly his approach to debt, would ultimately be bullish for gold.

Faber further criticised the U.S. economy’s reliance on money printing to manage growing debt. He noted that while inflation benefits some, it harms the majority, making essential goods less affordable. “The dollar’s value is eroding rapidly, and gold remains a solid hedge against this decline,” he stated. Faber highlighted that while central banks have been major buyers of gold, individual interest remains low, despite gold’s long-term role as a store of value. “Gold is not as expensive as many think when you consider the growth in money supply and government debt,” he concluded, urging people to buy gold during this correction.