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Marc Faber says he wouldn’t touch Chinese stocks even after their precipitous decline, instead pushing the investment case for Vietnam equities and gold mining shares.
‘I am a buyer when markets are undervalued and attractive and then I get out relatively early. So we were buyers in China a year ago in June/July of 2014,’ Dr. Faber, the author of the ‘Gloom, Boom and Doom Report’, said, referring to Chinese equities. ‘Now, I don’t think that Chinese stocks are attractive and I would just stand aside.’
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Vietnam is the one country that ’stands out in Asia’, with its strong economic performance and reasonably priced stocks, he said. ‘In Vietnam you could have a similar situation as in China a year ago, where stocks went up very substantially.’
Lastly, he is keen on precious metals, including platinum, silver and gold and their related shares: ‘Gold shares, they may still move somewhat lower, but if you ask me what is good value, the gold mining sector is a depressed sector’…
http://www.arabianmoney.net/gold-si...stocks-and-vietnam-not-china-says-marc-faber/
‘I am a buyer when markets are undervalued and attractive and then I get out relatively early. So we were buyers in China a year ago in June/July of 2014,’ Dr. Faber, the author of the ‘Gloom, Boom and Doom Report’, said, referring to Chinese equities. ‘Now, I don’t think that Chinese stocks are attractive and I would just stand aside.’
Top tips
Vietnam is the one country that ’stands out in Asia’, with its strong economic performance and reasonably priced stocks, he said. ‘In Vietnam you could have a similar situation as in China a year ago, where stocks went up very substantially.’
Lastly, he is keen on precious metals, including platinum, silver and gold and their related shares: ‘Gold shares, they may still move somewhat lower, but if you ask me what is good value, the gold mining sector is a depressed sector’…
http://www.arabianmoney.net/gold-si...stocks-and-vietnam-not-china-says-marc-faber/
